The move signals a shift toward formal oversight of crypto-asset activities in the United Kingdom. The plan is expected to introduce a phased licensing framework for crypto businesses, including exchanges and wallet providers. Regulators intend to establish clear standards for governance and consumer protections, aiming to reduce risk for investors and the public.
Industry observers caution that the licensing regime could raise compliance costs and reshape the competitive landscape of the UK crypto market. A multi-stage rollout is anticipated, with the impact likely felt first among larger, more regulated firms before broader participation.
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