UK authorities unveil guidelines for crypto reform
The Law Commission of England and Wales has issued recommendations to reform the legal framework surrounding digital assets. The new regulations will cover securities-style and e-money under the Electronic Money Regulations. The U.K.’s new regulations will bring protection and accountability to the crypto asset market. The UK is aiming for amenable crypto regulation Digital assets, including crypto-tokens (cryptocurrencies) and non-fungible tokens (NFTs), have become increasingly prevalent in modern society. They serve purposes such as investment, payment transactions, representation of debt, and equity securities. NEW: Today we have published our recommendations for reform and development of the law relating to digital assets, like #NFTs and # crypto tokens. Our reform s aim to provide greater legal clarity and encourage technological innovation. Read more here: https://t.co/GEbJkTQWUm pic.twitter.com/VNPsmwkdXR — Law Commission (@Law_Commission) June 28, 2023...