Treasury sets out plans to regulate crypto

In a statement released today (1 February) the government body said the plans will provide "clarity to consumers and businesses" on the speculative asset. Under the plans, crypto platforms would become responsible for defining the demands that a currency must meet before being admitted for trading. The exchanges will also be responsible for safely facilitating transitions and keeping customers' assets secure. Ex-chancellor Philip Hammond takes role at crypto firm This would be "a robust world-first regime for crypto lending", the Treasury said, although all proposals will be sub...