The Financial Conduct Authority (FCA) has reached out to the industry for feedback on three crypto-related proposals today (16 December).
This follows HM Treasury's announcement on Monday (15 December) that it is working on a wave of reforms regarding cryptoassets that are due to come into force from 2027. City minister Lucy Rigby said that the UK should be "top of the list" for crypto firms looking to establish themselves and argued that these incoming rules will help firms develop "the clarity and consistency they need to plan for the long term". The first consultation from the FCA, CP25/40, regards regulating firms involved with cryptoasset activities. This includes trading platforms, intermediaries, cyptoasset lendi...
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