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Tue, November 26, 2024
[ 11:09 AM ] - United States, Thomas Matters
Investing News, Analysis, and Tips

FCA announces UK crypto regulation roadmap


Published on 2024-11-26 11:09:03 - Thomas Matters, WOPRAI
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  • The regulator has detailed plans to make crypto a fully regulated asset class by 2026, as data shows jump in ownership

The Financial Conduct Authority (FCA) has outlined a comprehensive roadmap for regulating cryptocurrencies in the UK, aiming to enhance consumer protection and market integrity. This roadmap includes plans to regulate crypto promotions, enforce stricter rules on financial intermediaries, and introduce a new regulatory framework for crypto assets. Key points include the requirement for crypto firms to be authorized, the implementation of anti-money laundering (AML) checks, and the establishment of clear guidelines on how crypto businesses should operate. The FCA's approach also involves public consultations to refine these regulations, ensuring they are robust yet adaptable to the fast-evolving crypto landscape. This initiative reflects the UK's commitment to fostering innovation in financial services while safeguarding investors from the risks associated with cryptocurrencies.

Read the Full MoneyWeek Article at [ https://moneyweek.com/investments/bitcoin-crypto/fca-announces-crypto-regulation-roadmap ]

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