After the rise in scams and crimes done using cryptocurrencies, the UK government has taken a crucial step towards its regulation
Under the Indian G20 Presidency, there has been an increase in worldwide efforts for more transparent policies regarding crypto assets. The aim is to guarantee the enforceability and predictability of rights, as well as to properly classify crypto. Amid a sharp rise in crimes and scams via crypto, the UK government has now taken a big step.
Crypto Needs Comprehensive Policies: IMF
The International Monetary Fund (IMF) highlights the need for robust regulation to cover all activities and entities related to crypto transfer, custody, issuance, or trading, including anti-money laundering, combating the financing of terrorism (AML/CFT), prudential, and conduct rules.
Moreover, additional requirements, such as the Principles for Financial Market Infrastructures, should be applied for systemic stablecoin arrangements. These are standards that ensure t
We współpracy z: https://www.thecoinrepublic.com/2024/03/03/uk-gov-to-freeze-crypto-used-in-crime-without-conviction/
