英國為加密和全球領導而實施“全面的監管制度”

根據擬議的規則，加密交易所，經銷商和代理商將受到與傳統金融公司類似的監管

The UK is applying the full weight of securities regulation to crypto, aiming for a “comprehensive regulatory regime” to make the country a global leader in digital assets, set out in the Financial Services and Markets Act 2000 (Cryptoassets) Order 2025.

英國正在將證券法規的全部權重應用於加密貨幣，旨在建立“全面的監管制度”，以使該國成為2000年《金融服務與市場法》（CryptoAssets）訂單2025年的全球數字資產領導者。

The proposals, which are open for consultation until 18 June, will see crypto exchanges, dealers and agents regulated similarly to traditional financial firms, with requirements for transparency, consumer protection and operational resilience.

這些提案始終持續到6月18日，將看到加密交易所，經銷商和代理商與傳統金融公司相似，對透明度，消費者保護和運營彈性的要求類似。

The crypto edges of the new regime are six regulated activities: crypto trading, crypto exchange, crypto custody, crypto investment services, and crypto crowdfunding.

新政權的加密邊緣是六項監管活動：加密貨幣交易，加密交易所，加密貨幣保管，加密投資服務和加密籌集資金。

Rather than opting for a light-touch regime similar to the EU's Markets in Crypto-Assets (MiCA), the UK is applying the full weight of securities regulation to crypto, according to UK-based law firm Wiggin. That includes capital requirements, governance standards, market abuse rules and disclosure obligations.

根據英國律師事務所威金（Wiggin）的說法，與其選擇類似於加密資產（MICA）歐盟市場類似的輕觸狀政權，不如將證券監管的全部權重應用於加密貨幣。其中包括資本要求，治理標準，市場濫用規則和披露義務。

"The UK's draft crypto regulations represent a meaningful step toward embracing a rules-based digital asset economy," said Dante Disparte, chief strategy officer and head of global policy at Circle.

Circle首席戰略官兼全球政策負責人Dante Disparte說：“英國的加密法規草案是邁出了有意義的一步。”

"This proposed framework can provide the predictability needed to scale responsible digital financial infrastructure in the UK."

“這個提出的框架可以提供擴大英國負責任的數字金融基礎設施所需的可預測性。”

The new draft regulations classify stablecoins as securities, not e-money. This means UK-issued fiat-backed tokens must meet prospectus-style disclosures and redemption protocols. Non-UK stablecoins can still circulate, but only via authorized venues.

新的法規草案將穩定股權歸類為證券，而不是電子貨幣。這意味著由英國發行的菲亞特支持令牌必須符合招股說明書式的披露和贖回協議。 Non-UK Stablecoins仍然可以流通，但僅通過授權的場所。

Excluding stablecoins from the Electronic Money Regulations 2011 (EMRs), which keeps them out of the e-money sandbox, could slow their use for payment, according to Bitget COO Vugar Usi Zade.

根據Bitget COO Vugar Usi Zade的說法，將2011年電子貨幣法規（EMRS）排除在2011年電子貨幣法規（EMRS）之外的情況下，可能會放慢付款的用途。

"I think a lot of companies recently exited or hesitated to enter the UK because they were not clear about what activities, products and operations need FCA authorization," he added. "Finally, firms get clear definitions of 'qualifying crypto assets' and exactly which activities - trading, custody, staking or lending - need FCA authorization."

他補充說：“我認為許多公司最近退出或猶豫要進入英國，因為他們不清楚哪些活動，產品和運營需要FCA授權。” “最後，公司對'合格加密資產'的明確定義以及確切的活動 - 交易，監護，積分或貸款 - 需要FCA授權。”

For exchanges, including Bitget, the draft rules mean they need full approval from the Financial Conduct Authority (FCA) to offer crypto trading, custody, staking or lending services to UK users. The rules also give companies two years to adjust their systems, like capital and reporting.

對於包括BITGET在內的交流，規則草案意味著他們需要獲得金融行為管理局（FCA）的全面批准，以向英國用戶提供加密貨幣交易，監護權，積分或貸款服務。這些規則還為公司提供了兩年來調整其係統，例如資本和報告。

"Mapping each service line to the new perimeter adds compliance overhead, but that clarity lets us plan product roll-outs and invest in local infrastructure," Zade said.

扎德說：“將每個服務線映射到新的外圍會增加合規性的開銷，但這種清晰度使我們可以計劃產品推出並投資於本地基礎設施。”

The rules will come into force in 2025, setting the groundwork for the UK regulatory regime to go live. The roadmap to greater regulatory clarity in the UK could follow the European Union, which started to implement its MiCA framework in December.

該規則將於2025年生效，為英國監管制度啟用奠定基礎。在英國，通往更大的監管清晰度的路線圖可以跟隨歐盟，該聯盟在12月開始實施其云母框架。