UK Unveils Draft Crypto Rules, Will Meet US Regulators in June and Issue Competitiveness Plan on July 15

The UK Treasury has released draft legislation that would bring cryptoassets fully inside the country’s regulatory perimeter. Published on 29 April, the proposal designates new regulated activities, including operating cryptocurrency trading venues, dealing and arranging transactions in digital assets, and issuing stablecoins.

Companies serving UK customers would be required to meet standards on transparency, consumer protection and operational resilience. Chancellor of the Exchequer Rachel Reeves, speaking at the Innovate Finance Global Summit in London, said robust rules will boost investor confidence, safeguard consumers and support the expansion of the nation’s fintech sector.

Reeves added that the government will hold further talks with US regulators in June to align oversight frameworks. She also plans to unveil a broader financial-services competitiveness strategy on 15 July. Treasury officials said closer coordination with Washington aims to address European concerns over President Donald Trump’s pro-crypto stance while reinforcing London’s position as a leading financial centre.

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