24/7 Cryptocurrency News

Crypto News: UK & US Collaborate to Push Global Cryptocurrency Adoption

UK unveils new crypto news, aiming for global leadership through US collaboration and stricter rules to curb abuse and support innovation.
Published by
Crypto News: UK & US Collaborate to Push Global Cryptocurrency Adoption

Highlights

  • UK announces major crypto news by publishing draft legislation for crypto regulation.
  • Finance Minister Rachel Reeves announces plans for deeper regulatory cooperation with US.
  • New framework aims to crack down on bad actors while supporting legitimate innovation.

The United Kingdom has announced major crypto news by taking the next step toward establishing a formal regulatory framework for cryptocurrencies. The UK has published draft legislation that outlines a “comprehensive regulatory regime for crypto assets.”

During a fintech event on Tuesday, UK Finance Minister Rachel Reeves announced the regulatory initiative alongside plans to deepen collaboration with the United States. This is with a vision to promote “responsible” adoption of digital assets globally.

Advertisement

UK announces collaboration with the US

UK Finance Minister Rachel Reeves emphasized international cooperation as a cornerstone of the country’s cryptocurrency strategy. She told CNBC that “For the UK to be a world leader in digital assets, international cooperation is vital.” During her address at Innovate Finance’s annual summit, Reeves shared plans to deepen regulatory cooperation specifically with the United States to boost “responsible” adoption of digital assets.

This prominent crypto news comes shortly after Reeves met with US Treasury Secretary Scott Bessent last week to discuss a potential trade deal. This shows that crypto regulation is becoming an increasingly important component of international economic relations. The timing of this collaboration is notable, as Reeves had previously stated that improving business ties with the European Union was “arguably even more important” than US relations.

Advertisement

UK plans to crack down on bad crypto factors

The Treasury Department’s statement following Reeves’ remarks emphasized that the new regulatory approach would bring crypto exchanges, dealers, and agents into the regulatory fold, “cracking down on bad actors while supporting legitimate innovation.” This balanced approach aims to protect consumers while still helping growth in the sector.

“Crypto firms with UK customers will also have to meet clear standards on transparency, consumer protection, and operational resilience — just like firms in traditional finance,” the Treasury statement added. This shows that cryptocurrency businesses will be held to similar standards as traditional financial institutions.

Reeves summed up the government’s philosophy with the statement that “Regulation must support business, not hold it back. The FCA, which serves as the UK’s financial services watchdog, has been criticized by cryptocurrency industry participants for being too restrictive when approving registrations from digital asset firms.

At present, the FCA oversees businesses that want to provide crypto services under UK money laundering laws. The new proposed law seems to aim to solve these issues while still having proper regulation. Coinbase had also recently made a major move in the UK with a new partnership.

This is important crypto news because it might create a more friendly regulatory environment for cryptocurrency businesses already in or wanting to come into the UK market. Check out some of the top crypto exchanges in the UK.

Advertisement

Share
Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading

FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…

October 2, 2025
  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025
  • Bitcoin News

Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months

Banking giant Citigroup has revised its Bitcoin prediction to $231,000 in the next 12 months,…

October 2, 2025
  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025