Summary
The U.K. government plans to implement a reporting framework that could bring in £35 million by 2026.
Key Points
1. The U.K. government expects the reporting framework to generate 35 million pounds ($45 million) in revenue by 2026.
2. The implementation of this framework could lead to increased transparency and accountability within the cryptocurrency industry.
3. The government’s support for this initiative suggests a growing recognition of the importance of regulating and monitoring digital assets in the U.K.