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Cryptocurrency

City minister kicks UK crypto laws into 2024 regulatory schedule

Andrew Griffith hinted at the scope of future regulation, saying that the UK's eventual crypto regulatory regime would likely be broader than EU rules

By Alex Daniel
Andrew Griffith's appearance before the Treasury Select Committee of MPs marks his first public grilling on crypto since he was appointed City minister in October
Andrew Griffith's appearance before the Treasury Select Committee of MPs marks his first public grilling on crypto since he was appointed City minister in October Photo: HM Parliament

The UK will not introduce fresh laws on regulating the cryptocurrency industry until at least 2024, according to the City minister Andrew Griffith.

Recent turbulence in the sector, including the dramatic collapse of crypto exchange FTX in November, has led to calls for regulation to come faster.

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