UK Proposes First Full Crypto Rules With Eye on U.S. Collaboration

The UK is finally drawing a line in the sand when it comes to crypto regulation. On April 29, 2025, Finance Minister Rachel Reeves rolled out a draft set of rules aimed at bringing crypto exchanges, dealers, and agents under official oversight for the first time. Think of it as Britain’s long-awaited attempt to stop.. The post UK Proposes First Full Crypto Rules With Eye on U.S. Collaboration appeared first on 99Bitcoins.

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May 1, 2025 - 13:02

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The UK is finally drawing a line in the sand when it comes to crypto regulation. On April 29, 2025, Finance Minister Rachel Reeves rolled out a draft set of rules aimed at bringing crypto exchanges, dealers, and agents under official oversight for the first time. Think of it as Britain’s long-awaited attempt to stop bad actors from running wild while still giving the industry room to grow. The UK crypto rules for 2025 are aiming to bring more structure and oversight to the growing digital asset space.

Crypto has been booming in the UK. Around 12 percent of adults have dabbled in digital assets, up from just 4 percent in 2021. But that surge hasn’t come without its mess. Hacks, scams, and market chaos have left regulators playing catch-up. This draft legislation is an effort to stop plugging leaks with duct tape and start laying real foundations.

Key Provisions of the Draft Legislation

So what’s actually in the proposal?

For starters, crypto companies operating in the UK would have to follow rules that mirror those applied to traditional financial institutions. That includes clearer consumer protections, better transparency, and higher standards for how firms run day-to-day.