The Consultation About Proposed Strategy for the Crypto Industry in UK

I mean its good to see that UK has been consulting with the public about its proposed strategy for the crypto industry. The consultation period was from February to April 30th with the titans of the global industry sharing their views.

The crypto stakers in UK have largely welcomed the nation's proposed legislation for the crypto industry accord to a report but they also want the country to work with the regulators globally.

Pymnts.com

The UK wants to bring crypto into the scope of it's own existing regulatory frameworks instead of creating an entirely new set of rules like MiCA.

To me, its good for the crypto industry to have clear and friendly regulations as this is something that could lead to crypto mass adoption.

Not only mass adoption but this is something which could also help in providing safety to investors for their funds when crypto platforms had to abide by the law.

The crypto industry that has now existed for some years with the growing number of the community, does need to be regulated but on the terms and conditions with which both the sides agree.

I my post before I have shared about the impact of Intuitional Investors in playing a role in crypto regulations.
Institutional investors is believed to likely play an important role in structuring the future of crypto regulations. As more institutional investors enter the crypto industry, it will have an impact in pushing for clearer and favorable regulations to ensure that their investments are safe and profitable read more here.

Any thoughts?

Follow me:

Hive: @decoding
Twitter: www.twitter.com/decoding1011
Discord: decoding#9631