Today again Crypto Coins We see a dizzying day and the big news comes one after the other. In the last minutes, there have been two important developments. China has largely stepped back in its favor in its favor. The United Kingdom has lost significant progress in the point of legal regulation for crypto currencies.
United Kingdom Crypto Rules
The UK Ministry of Finance has published new crypto currency rules. These rules show that crypto currencies will be included in the regulatory framework of dealers and agencies. The United Kingdom’s Ministry of Finance will soon announce that crypto companies with customers in the UK will have to meet net standards on transparency, consumer protection and operational flexibility ”. The UK Chancellor Reeves announced that they took this step to support innovation.
“Crypto solid rules related to it will increase investor confidence, support Fintech’s growth and protect people in the UK. ”
The US’s crypto -friendly position seems to have opened a door to supportive regulations worldwide. The formation of the legal ground is highly supporting in the long run for crypto currencies.
China’s back step
The second big move came from China. China has stepped back on the customs duties imposed on ethane imports from the USA. Ethane, which emerged during the production of rock gas in the USA, is a natural gas fluid that is not directly used for the energy sector, but this is an important product for Chinese manufacturers.
Chineseespecially since the end of 2024, the petrochemical industry has been experiencing cost pressure. Plans of China, which wants to reduce the production cost of products such as plastic, antifreeze, solvent, polyethylene with a cheaper source like ethane recipe Although it is broken with shock, the last move is aimed at balance the costs. It shows that we see the steps of relaxation, even if it is a strategic move, and even the time of the agreement may have been close.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
