UK to outline crypto regulatory plan

Britain will today present plans to tackle market abuse in cryptocurrencies as part of long-awaited proposals to regulate risky digital assets.

The new regulatory regime marks a change in tone from last April, when Rishi Sunak, as Chancellor, signaled that he wanted to embrace digital markets with the ambition of turning the UK into a “global hub for crypto-asset technology”.

Since then, the value of digital assets such as bitcoins fell sharply in a selloff that laid bare the volatility of cryptomarkets. Bahamas-based FTX, which used to be one of the largest crypto exchanges in the world, went bankrupt in November and its founder was accused of fraud in the USA.

These developments have led to renewed attention on the potential