Cryptocurrencies

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’ Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the … Read more

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought Do Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud. The South Korean, 34, had pleaded guilty to two counts … Read more