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The UK reportedly is finalizing plans to regulate the crypto industry in the wake of FTX's collapse

1 month ago   |   By Business Insider

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The UK is finalizing plans to implement sweeping regulations for the cryptocurrency industry, the Financial Times reported.
If approved, the Financial Conduct Authority will have new powers to oversee the digital-assets industry more broadly, including monitoring how companies operate and advertise.
Officials are working urgently after last month's collapse of FTX, the cryptocurrency exchange once valued at more than $30 billion.
The UK is finalizing plans to implement sweeping regulations for the cryptocurrency industry, reports said, with officials working urgently...
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