Landmark laws to regulate cryptoasset companies in Britain will help the country “lead the world in digital asset adoption” and attract investment, City minister Lucy Rigby has claimed.
Rigby insisted that Britain’s new crypto regulatory regime, which will take effect in the second half of 2027, would be “proportionate and fair” and would provide certainty for digital businesses and protection for consumers.
Speaking to the Financial Times, Rigby said: “Bringing forward this legislation is a milestone. Our intention is to lead the world in digital asset adoption. The rules we are putting in place are going to be proportionate and fair. They are going to be good for growth, encourage firms to invest here and protect consumers as well. I don’t see any conflict between those things.”