UK to become a “safe port” for encryption with a new bases draft – experts

On April 29, the UK Minister of Finance, Rachel Reeves, revealed plans for a “comprehensive regulatory system” aimed at making the country a global leader in digital assets.

According to the proposed rules, the exchange of encryption, merchants and agents will be organized similar He said In a statement issued after Reeves.

According to the statement, the Cryptoassets Act 2025 offers six organized new activities, including encryption trading, custody, and deception.

Instead of choosing a light touch system similar to the European Union markets in encrypted buttons (MICA), the United Kingdom applies the full weight of securities to encryption, According to The UK -based law firm. This includes capital requirements, governance standards, market abuse and disclosure obligations.

“The UK’s encryption regulations project is a significant step towards adopting the bases -based digital asset economy,” Dante Debarte, chief strategy official and head of global policy in Serkel, told Cointelegraph.

“By referring to the willingness to provide organizational clarity, the United Kingdom places itself as a safe port for responsible innovation.”

Dibbart added that the proposed framework can provide the ability to predict the “expensive digital financial infrastructure in the United Kingdom.”

Related to: Revolution Revolution profits to $ 1.3 billion on user growth, encryption trading boom

New encryption rules in the United Kingdom “positive net”

VUGAR USI Zade, CEO of Operations (CO) at Bitget Exchange, has been optimistic about new regulations, claiming that they are “positive net” of the industry.

“I think many companies have recently come out or hesitated to enter the United Kingdom because they were not clear about the activities, products and operations that need FCA permission. Companies are finally obtained clear definitions of” qualified encryption assets “and the exact knowledge of activities – ranged, nursery, lending or lending.”

For exchanges, including bitget, the UK’s rules project means that they need full approval from the FCA to provide encryption trading, custody, services or lending to UK users.

The bases also give companies for two years to control their systems, such as capital and reports. “The appointment of each service line to a new perimeter adds the general expenses of compliance, but this clarity allows us to plan product products and invest in local infrastructure,” Zade said.

The new draft is redressing Stablecoins as securities, not as electronic money. This means that the UK -backed symbols must fulfill protocols, salvation protocols and salvation protocols. Stablecoins can still be or with rotation, but only across the approved places.

Zade claimed that the exclusion of Stablecoins from the 2011 electronic money regulations (EMRS), which keeps them outside the sand fund, can slow its use for payment.

However, Disparte, whose source company is USDC (USDC), the second largest Stablecoin in the world through market value, said the ability to predict is the key to promoting responsible growth in the UK.

“What matters most is the ability to predict: a framework that enables companies to build, test and grow with responsibility – without fear of arbitrary implementation or transforming goals. If you realize, this may be a pivotal moment in the UK digital assets journey.”

Related to: The UK regulator is moving to restrict borrowing for encryption investments

The UK requires FCA approval for foreign encryption companies

Among the largest changes as part of the new bases is regional access. Non -American platforms that serve retail customers in the UK will need FCA permission. The exemption from “foreign people” is limited to some B2B relationships, which effectively raises the retail market in the United Kingdom.

The encryption enters the ocean as well. Now registration for liquid registration and chaos services must be exempted, while individual service providers and service providers are exempted. The new nursery rules extend to any preparation that gives one party to one -sided transfer rights, including certain lending arrangements and MPC (multi -stage account).

“Some nuances still need to get rid of the direction, but the trend towards effective and designer compliance instead of comprehensive restriction,” said Petzaz.

He added that the extensive “performance” definition may be sweetened in the non -trustee Defi models that lack a central provider. He said: “The restrictions of the purchase of proposed credit cards – although they are aimed at high use – can reduce retail sharing in the distinctive symbol launch operations.”