Companies looking to help people buy, trade and hold crypto will needs to meet legislation set out by the Financial Conduct Authority, set to come into force from October 2027.
All firms involved in crypto activities for investors must meet financial resilience requirements, such as capital and stress tests, and must gain FCA authorisation to operate in the UK. The watchdog is also introducing market integrity rules that embody areas such as insider trading and market manipulation. Stablecoins will have to meet stringent and transparent standards to build trust in their usage over time. The FCA simplified elements of the regulation to increase its workability in practice including easier capital requirements for stablecoin firms and adapting trading rules...
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