Cryptoasset crackdown – Bitcoin, Ethereum and the rest finally face regulation

The government plans to introduce new cryptoasset rules to protect consumers and target scammers as 12% of UK adults now hold crypto

Close-up of female hand using mobile app, investing and trading digital currency on smartphone. Image also includes graphics showing Bitcoin and cryptocurrency logos.
(Image credit: Oscar Wong via Getty Images)

Firms selling cryptocurrencies will soon have to face the same standards as traditional financial companies, under planned new rules from the Treasury.

Crypto exchanges, dealers and agents offering services for cryptoassets like Bitcoin and Ethereum will be brought into the scope of financial regulators as part of the incoming changes, so they are better policed.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites