The UK government says it wants to position the country as a global leader in crypto. Cities Minister Lucy Rigby stated that new regulations are being developed to bring crypto asset companies clearly under a formal regulatory framework.

She explained that the goal is to make the UK a top destination for crypto firms looking to grow, by offering clear, consistent rules instead of uncertainty. These regulations are meant to help companies plan long term, operate with confidence, and attract more investment, signaling that the UK is taking a more structured and welcoming approach to the crypto industry.