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<ol><li>The government is committed to creating a regulatory environment in the UK
where firms can innovate, while crucially maintaining financial stability and clear
regulatory standards.</li><li>In line with this, the government has already brought
cryptoassets into regulation for anti-money laundering and counter-terrorist financing,
and financial promotions.</li><li>As a result, the Financial Conduct Authority now
regulates and supervises qualifying cryptoasset promotions, with the aim of improving
consumers’ understanding of the risks and benefits associated with cryptoasset investments,
and ensuring that cryptoasset promotions are held to the same high standards as for
broader financial services.</li><li>In October last year, the Treasury published its
final proposals for creating the UK’s financial services regulatory regime for cryptoassets.</li></ol>
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