2022 was expected to be the year of regulation for cryptocurrencies. From many countries from the first month regulation While the news kept coming, one news came from England.
resources UK crypto currency units and decentralized finance (DeFi) He stated that he was preparing drafts to regulate the field.
While it was stated that the regulators wanted to remove the references to blockchain from the definition of cryptoassets in the aforementioned drafts, details on this issue have not been specified yet.
It was stated that an additional regulation is needed to eliminate the risks arising from the lack of information on blockchain and crypto assets.
While it was stated that the DeFi area will be regulated by regulation, it was stated that there will be areas where case-specific evaluations can be made.
It has been stated that misleading advertisements and lack of information increase the risks on consumers in the UK, which is frequently on the agenda with its bans on cryptocurrency advertisements.
BRITAIN SAYS DECENTRALISED FINANCE (DEFI) MAY BE IN SCOPE OF REGULATION, BUT WILL NEED TO BE CONSIDERED ON A CASE BY CASE BASIS
BRITAIN SAYS MISLEADING ADVERTISING AND LACK OF INFORMATION MEANS THERE ARE CONSUMER RISKS PRESENT IN CRYPTO MARKET
— *Walter Bloomberg (@DeItaone) January 18, 2022