The UK government promises robust crypto regulation

One of mainstream media's biggest, the BBC, is reporting on the government's plans with cryptocurrency regulation:

The Treasury says its proposals – which it's now consulting on – will:

• lay down rules on crypto-asset promotions which are fair, clear and not misleading
• enhance data-reporting requirements, including with regulators
• implement new regulations to prevent so-called pump and dump, where an individual artificially inflates the value of a crypto asset before selling it

Ministers say the measures will "mitigate the most significant risks" of crypto technologies, while "harnessing their advantages".

Economic Secretary to the Treasury Andrew Griffith said the government remained "steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes crypto-asset technology".

"But we must also protect consumers who are embracing this new technology – ensuring robust, transparent and fair standards," he added.

Government promises robust crypto regulation