Financial Services Financial Services

UK’s crypto promotions regime is ‘anticompetitive,’ trade association says

By Phoebe Seers
  • 11 Apr 2023 15:47
  • 11 Apr 2023 15:47
A plan to introduce “positive frictions” for cryptoasset businesses on-boarding new clients departs from international norms and could be seen as anticompetitive for UK firms, a leading voice for the country's crypto sector has said.
The UK government has stated its intention to bring cryptoassets within the regulatory perimeter. As

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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