The British government, through the Ministry of Finance, admitted that it would continue with its plan to release a law regulating crypto assets in its country. Through this new draft law (RUU), crypto assets will fall into the definition of certain investments under the FCA. It has also been confirmed that this new regulation will not stand alone as a new regulation, but will be under the existing Market Law.
However, the British government's steps were not immediately aggressive. UK Ministry of Finance admits it will gradually regulate crypto assets; starting from security tokens, blockchain, and stablecoins.
