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Author: Admin | 2025-04-27
With chapter one (1) Introduction, chapter two (2) Methodology, then (3) the research engages with a Case study review of secondary data sources, and compliments the case study with a new chapter (4) that comprises a survey review. The article ends with a chapter (5) discussion and (6) Conclusion.Crypto regulationsGiven that the US has already started crafting new regulations on cryptocurrencies (Reserve and “Central Bank Digital Currency (CBDC)”, 2022) and after the markets collapsed in 2022, the European Union also started catching up with rules (HMT 2023) the UK recently started initial consultation plans to regulate cryptocurrencies (HMT 2023). It is difficult to determine if the proposed methods are positive or negative. Still, the consultation generally builds upon previous HM Treasury proposals on stablecoins. If the plan is to develop a UK stablecoin (USD and GBR), the talk could prove positive for ensuring stability in cryptocurrency markets. However, the proposed regulation suggests that cryptocurrencies should be overseen by the Financial Conduct Authority (FCA), and not all crypto is just a simple cryptocurrency. Ethereum (for example) is a virtual computer and can perform far more tasks than just transact payments. The consultation also suggests that all UK-based cryptocurrency firms should have anti-money laundering and KYC processes. This can be managed in the UK, but the regulation ignores that cryptocurrencies are designed to bypass such rules. The effectiveness of this regulation remains questionable, but it could help stabilise and legalise the trade of cryptocurrencies in the UK. In other words, these regulations
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