Golden Finance reported that Lisa Cameron, chair of the UK's All-Party Parliamentary Group (APPG), said at the CCDAS 2023 conference that the UK will not copy the EU's Crypto Asset Market (MiCA) legislation, but will seek a customized approach to crypto regulation to improve competitiveness. Cameron said that he did not think there would be any copying of MiCA. Obviously, where feasible, the UK does not want to invent something completely new, but we must have something that is suitable here. Customized crypto legislation will bring a competitive advantage to the UK. Cameron added that the APPG is currently studying international best practices around cryptocurrency legislation. We have been to Zug and talked to legislators there. We have arranged to go to Paris and Brussels, and we are also considering contact with Singapore and Dubai. In addition to drawing inspiration from overseas regulators, the country aims to take a customized approach to the framework we want to set here.
