英国为加密和全球领导而实施“全面的监管制度”

根据拟议的规则，加密交易所，经销商和代理商将受到与传统金融公司类似的监管

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.

英国正在将证券法规的全部权重应用于加密货币，旨在建立“全面的监管制度”，以使该国成为2000年《金融服务与市场法》（CryptoAssets）订单2025年的全球数字资产领导者。

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.

这些提案始终持续到6月18日，将看到加密交易所，经销商和代理商与传统金融公司相似，对透明度，消费者保护和运营弹性的要求类似。

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

新政权的加密边缘是六项监管活动：加密货币交易，加密交易所，加密货币保管，加密投资服务和加密筹集资金。

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.

根据英国律师事务所威金（Wiggin）的说法，与其选择类似于加密资产（MICA）欧盟市场类似的轻触状政权，不如将证券监管的全部权重应用于加密货币。其中包括资本要求，治理标准，市场滥用规则和披露义务。

"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首席战略官兼全球政策负责人Dante Disparte说：“英国的加密法规草案是迈出了有意义的一步。”

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

“这个提出的框架可以提供扩大英国负责任的数字金融基础设施所需的可预测性。”

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.

新的法规草案将稳定股权归类为证券，而不是电子货币。这意味着由英国发行的菲亚特支持令牌必须符合招股说明书式的披露和赎回协议。 Non-UK Stablecoins仍然可以流通，但仅通过授权的场所。

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.

根据Bitget COO Vugar Usi Zade的说法，将2011年电子货币法规（EMRS）排除在2011年电子货币法规（EMRS）之外的情况下，可能会放慢付款的用途。

"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."

他补充说：“我认为许多公司最近退出或犹豫要进入英国，因为他们不清楚哪些活动，产品和运营需要FCA授权。” “最后，公司对'合格加密资产'的明确定义以及确切的活动 - 交易，监护，积分或贷款 - 需要FCA授权。”

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.

对于包括BITGET在内的交流，规则草案意味着他们需要获得金融行为管理局（FCA）的全面批准，以向英国用户提供加密货币交易，监护权，积分或贷款服务。这些规则还为公司提供了两年来调整其系统，例如资本和报告。

"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.

扎德说：“将每个服务线映射到新的外围会增加合规性的开销，但这种清晰度使我们可以计划产品推出并投资于本地基础设施。”

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.

该规则将于2025年生效，为英国监管制度启用奠定基础。在英国，通往更大的监管清晰度的路线图可以跟随欧盟，该联盟在12月开始实施其云母框架。