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International Business Times UK

Business

Gracy Chen

Britain Crypto Renaissance: How will UK market evolve and grow in 2024 With the New FCA Rules?

FCA Crypto United Kingdom Bitcoin Chainalysis Environment

According to data from Chainalysis, the UK received over $250 billion in cryptocurrencies between June 2022 and July 2023. (Credit: Reuters/Dado Ruvic)

The United Kingdom has always been a rather interesting market for crypto because of its unique regulatory stance towards the digital assets sector. Unlike the EU countries, the UK does not hurry up to lay out comprehensive guidelines for crypto asset activities.

The government declared ambitions to make the country a global hub for crypto asset technology and investment back in 2022, but the FCA guidelines were finalised just a few months ago.

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