UK set to announce new crypto regulations FT

The UK government is expected to announce new rules governing the sale and marketing of crypto assets. a clampdown on crypto-related advertisements by companies based outside the UK, the Financial Times reported on Monday. The proposed powers will be added to a piece of legislation that is already before parliament. The Financial Services and Markets Bill is designed to shape the UK’s financial sector post-Brexit and includes sections defining stablecoins and crypto assets. Instead, the UK prefers a piecemeal approach of incremental changes, which has frustrated some.