Le Royaume-Uni envisage d’établir un nouveau cadre réglementaire pour encadrer les cryptomonnaies

In a context where the cryptocurrency market is experiencing explosive growth, the United Kingdom is preparing to introduce a new regulatory framework to oversee this dynamic sector. Set to come into effect in early 2025, this project aims to establish clear rules for digital assets and to regulate stablecoins, while addressing growing concerns regarding consumer protection and innovation. This regulatory shift is seen as a crucial step in making the United Kingdom a leader in blockchain technology and decentralized finance.

At the heart of a vibrant regulatory atmosphere, the United Kingdom is about to implement a new regulatory framework designed to govern the market for cryptocurrencies and stablecoins. This initiative, scheduled for early 2025, responds to recent regulatory developments within the European Union, notably the “MiCa” regulation. The British government aims to establish a clear legal structure to attract investors and stimulate innovation within this exponentially growing sector.

A long-term regulatory framework

The UK’s desire to create a specific regulatory framework for cryptocurrencies stems from a need to adapt to a constantly evolving market. Initial discussions regarding these new regulations date back several months but were postponed due to political changes and the appointment of Keir Starmer as Prime Minister last July. However, he confirmed that the government would pursue this path to transform the UK into a global hub for digital assets.

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The importance of stablecoins

Stablecoins play a major role in this momentum as they are increasingly used in digital transactions. Tulip Siddiq, the Economic Secretary to the Treasury, stated that the upcoming regulation will focus not only on cryptocurrencies in general but also on stablecoins, which will benefit from rules tailored to their specifics. The objective is to no longer subject these assets to the current payment services regulation, deemed inadequate for the nature of these financial instruments.

Attracting investors and companies

With the emergence of new cryptocurrency-friendly legislation globally, the UK aims to win back investors and companies in the sector, who have so far turned to more welcoming markets, particularly in the United States. The American market has, for its part, initiated a promising dynamic under the leadership of its president, who has expressed the desire to make the United States “the world capital of cryptocurrencies.” However, the UK aims to reverse this trend by implementing regulation that ensures consumer protection while promoting innovation.

A competitiveness issue

The absence of a clear regulatory framework has created a climate of uncertainty that has made companies hesitant to settle in the UK. The country therefore intends to address this lack of regulatory evolution. In parallel, the European Union has already adopted regulations, such as those concerning crypto-asset markets, which will be applied by the end of the year. This situation highlights the need for the UK to act quickly and effectively to avoid falling behind in the race to regulate digital assets.

A balance between security and innovation

As the UK prepares to launch these new regulations, it also announces that one of its main objectives will be to protect consumers while ensuring a favorable environment for innovation in blockchain and decentralized finance. With about 2.5 million British citizens owning digital assets, the need for an appropriate legal framework becomes a crucial issue in order to strengthen public trust and encourage broader adoption of blockchain technologies.

New regulatory framework for cryptocurrencies in the United Kingdom

• Planned effective date: Early 2025
• Main objective: Attract investors towards cryptocurrencies
• Target area: Stablecoins and cryptocurrencies
• Initiative author: British government under Keir Starmer
• Regulation characteristics: Tailored to the specifics of digital assets
• Expected impact: Establish the UK as a global hub for digital assets
• Legislation ramifications: Better consumer protection while fostering innovation
• Context: Response to regulatory evolution in the European Union
• Concerned public: Over 2.5 million British citizens own cryptocurrencies

Pierre Grifter