The UK economic plan is looking to tighten crypto rules even further.
After cryptocurrencies had a pretty bad year last year, governments are tightening their rules. The UK government economic plan also includes the new rules.
UK to Tighten Crypto Rules with Economic Plan
The UK has made escalation plans in the fight against crypto crime. A new policy document aims to reduce fraud, reduce money laundering, bail out criminal assets, combat kleptocracy and avoid sanctions.
According to the latest three-year Economic Crime Plan released today, the UK Treasury Department and Home Office are planning to tighten their controls on crypto money launderers.
The policy document included the following statements on the subject:
“The government will implement ambitious plans to protect consumers and grow the economy by firmly regulating crypto-asset activities. It will provide confidence and clarity to both consumers and businesses. “
The plan points to goals such as reducing fraud, reducing money laundering, bailing out criminal assets, combating kleptocracy, and reducing avoidance of sanctions.
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