UK Proposes Laws to Regulate Crypto Exchanges
The United Kingdom has taken a major step toward overseeing the cryptocurrency industry by releasing a draft set of rules to guide how crypto exchanges and related businesses operate. These proposed laws aim to support innovation in finance while also making sure that people are protected from scams and dangerous companies. Over the past few years, the number of people in the UK using cryptocurrencies has grown quickly. In 2021, only about 4% of adults had used or held digital currencies. Today, that figure has climbed to 12%. With this rise, the government feels it’s necessary to create better safeguards…