Regulation

UK plans new rules to tighten oversight of crypto sector

Chancellor Rachel Reeves said the move will ‘boost investor confidence’

Tuesday 29 April 2025 at 16:09

Chancellor Rachel Reeves said new robust rules around crypto ‘will boost investor confidence’
Chancellor Rachel Reeves said new robust rules around crypto ‘will boost investor confidence’ Photo: Andy Rain/EPA/Bloomberg via Getty Images

The UK government has published draft legislation for cryptoassets regulation in a move it says will ‘protect consumers’ and ‘boost investor confidence’ in the sector.

“Under the new rules, crypto exchanges, dealers and agents will be brought into the regulatory perimeter — cracking down on bad actors while supporting legitimate innovation,” according to an announcement on 29 April by the Treasury.