4 UK Cryptocurrency 2024 Regulation Updates. UK Will Have The Power To Freeze & Confiscate Crypt
What is the legislation being implemented that gives the UK government (NCA) the power to freeze, confiscate, and seize people's crypto, without being charged or arrested first, if they suspect illegal activity such as scams, terrorism, money laundering, drug trafficking etc.?
When will regulation for stablecoins be introduced in the UK?
Check out my previous video on UK Stablecoin regulation here:
https://youtu.be/itS5CryEoFY
How many warnings and alerts have been made by the FCA so far since the new cryptocurrency regulations came into force in the UK on 8 October 2023? How are they managing financial promotions and planning to restrict crypto firms that do not meet its rules and regulations?
How does the UK and Law Commission plan to treat crypto, NFTs and other digital assets as property under law? And what does this mean?
That is what I cover in this video.
It has never been more important to educate yourself financially.
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Useful links:
Economic Crime and Corporate Transparency Act 2023:
https://www.legislation.gov.uk..../uksi/2024/269/made/
Law Commission - Digital Assets To Be Treated As Property Under Law:
https://lawcom.gov.uk/project/digital-assets/?utm_source=dlnews-the-guidance.beehiiv.com&utm_medium=newsletter&utm_campaign=the-guidance-hello-brussels
Chapters:
0:00 - Intro
0:47 - Economic Crime and Corporate Transparency Act 2023
1:58 - UK Regulation for Stablecoins
2:32 - FCA Warnings for Crypto Firms
3:55 - Crypto To Be Treated As Property Under law
Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome.
#crypto
#cryptoregulation
#uk
