Global Financial Institutions Gather in London as UK Crypto Reporting Rules Take Effect
Summary
Global financial institutions and leaders are convening in London for the 3rd annual Digital Assets Forum (DAF3) following the January 1st implementation of HMRC's new Cryptoasset Reporting Framework (CARF). Victoria Gago, Co-Founder of DAF, noted London's strong financial standing and evolving regulatory environment are fostering blockchain growth. The two-day forum will cover policy, regulation, tokenization, and DeFi, featuring speakers from major firms like BlackRock and J.P. Morgan. This gathering occurs as the UK solidifies its position as Europe's leading digital asset hub, with over 24% adult crypto adoption and institutional deals dominating investments. New regulations, including capital gains declarations for crypto returns, are expected to drive further institutional support, complemented by the FCA's intent to launch a stablecoin payments sandbox.
(Source:BeInCrypto)