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The UK solidifies its plans to crack down on the crypto industry.
In a document published Monday, the UK government outlines how it intends to regulate the digital asset industry, stating that it wants crypto companies and activities to fall under the same regulations as traditional financial services, like banks.
One of those rules would require disclosures on all crypto assets available in the UK, which could include information about the token’s code, known vulnerabilities, and dependencies. The government plans to introduce the new regulations to the Parliament in 2024.
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