Global crypto rules needed to keep markets clean, says UK watchdog


FILE PHOTO A representation of cryptocurrency is seen in front of Binance logo in this illustration taken March 4 2022. REUTERSDado RuvicIllustration

FILE PHOTO: A representation of cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/

LONDON (Reuters) - Global rules are needed to regulate international crypto firms like Binance and "keep markets clean", Britain's Financial Conduct Authority said on Thursday.

Crypto firms are largely unregulated across much of the world but are required in many countries to show they have adequate controls to combat money laundering.

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