UK government releases draft cryptocurrency regulations

TechFlow news, April 29 — According to CoinDesk, the UK government released a consultation paper on draft legislation for the cryptocurrency sector on April 29. The draft will introduce new regulated activities, including operating crypto asset exchanges and issuing stablecoins, while also establishing market abuse prevention mechanisms and information disclosure systems. Although the UK government has changed, the new administration stated it will continue advancing most of the previous government's cryptocurrency initiatives. It is reported that UK regulators plan to begin authorizing cryptocurrency companies to operate starting in 2026.