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United Kingdom Considers Strict Cryptocurrency Regulations Post-Brexit

By Koos Couvée

U.K. officials plan to bring cryptocurrency firms, including third-party exchanges as well as peer-to-peer platforms, under anti-money laundering standards "significantly beyond" those mandated by the European Union. In a 58-page report published Monday, the Cryptoasset Taskforce, which consists of officials from HM Treasury, the Financial Conduct Authority and the Bank of England, outlines proposed rules for the sector following a six-month review of the vulnerability of Bitcoin, Ripple, Monero and other cryptocurrencies to money launderers, fraudsters and cybercriminals. "The government is developing a robust regulatory response which will address these risks by going significantly beyond the requirements set out in...

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