UK Regulator FCA Set to Overhaul Market Regulation for Crypto Assets

Tuesday, 19 March 2024, 10:31
In a significant move, the UK Financial Conduct Authority (FCA) is gearing up to introduce a new market abuse regime specifically tailored for the cryptocurrency sector by the end of this year. This indicates a proactive stance from the regulatory body to address potential illicit activities in the rapidly growing crypto market. The forthcoming regulations are expected to redefine the compliance landscape for crypto businesses operating in the UK, emphasizing the importance of enhancing transparency and investor protection in the evolving digital asset space.
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UK Regulator FCA Set to Overhaul Market Regulation for Crypto Assets

UK Regulator FCA Announces Market Abuse Regime for Crypto in 2021

The U.K. has been refining its approach to regulating the crypto sector, with the Financial Conduct Authority (FCA) taking a proactive stance on combatting illicit activities in the growing digital asset landscape. The planned market abuse regime signals a significant overhaul in regulatory measures for cryptocurrency businesses operating in the UK. Compliance standards are set to be reshaped to prioritize transparency and safeguard investor interests.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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