Proposals are being set out as scandals and tumbling values raise questions about the industry's future.
The government is announcing measures to "robustly" regulate the cryptocurrency industry.
Ministers say the measures will "mitigate the most significant risks" of crypto technologies, while "harnessing their advantages". Hundreds of billions of pounds were wiped from the crypto landscape and companies and people went bankrupt thanks to scandal after scandal. Part of the original appeal of cryptocurrency was its independence of traditional financial networks.But with the right form of regulation, others will argue, the industry could truly blossom."a global hub for crypto-asset technology"But since then, the industry worldwide has been buffeted by a series of crises - most recently, the collapse of the FTX exchange, which prosecutors have described as "one of the biggest financial frauds in US history".
"We are paying close attention to these plans and to the regulators' plans, because we would not want our constituents to think cryptocurrencies are any less risky if they are regulated," she said.
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