Organizations involved in crypto asset activities, such as crypto exchanges, will now be required to register with the FCA and establish admission rules while disclosing information on new assets. However, the recommendations do not cover decentralized finance (DeFi) as the government seeks further international collaboration before implementing regulations. Instead of creating a new framework, the new measures will be integrated into existing UK market laws. This development follows the recent passing of a bill allowing law enforcement to freeze illegal crypto assets. We welcome your feedback on this article, including any suggestions for improvement, via this brief form.

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