UK Takes Action on Crypto Regulations with Coinbase's Help.

The UK could introduce specific laws aimed at regulating the cryptocurrency industry within the next year, according to Andrew Griffith, economic secretary to the UK Treasury. The UK government opened its suggestions for regulating crypto assets up for consultation in February, with the consultation period ending on April 30. Griffith said that the UK's regulatory approach would mix both existing regulations and new ones, and pointed to the Financial Services and Markets Bill, which is currently working its way through Parliament, as an example of where upcoming legislation already includes some provisions on cryptocurrency.