FCA seeks feedback on proposals for UK crypto rules
The FCA said it wants a crypto market where innovation can thrive, but where people understand the risks.
The FCA said it wants a crypto market where innovation can thrive, but where people understand the risks.
UK users can now access staking while retaining control of their crypto, with flexible participation and full asset custody.
The Discussion Paper reflects insights gained from a series of FCA-led crypto roundtables held with the industry earlier in the year.
The UK Financial Conduct Authority (FCA) has published its latest research on consumer attitudes and behaviours towards crypto.
All firms communicating financial promotions must make sure they have strong systems and controls for compliance in place.
The FCA will shortly publish a Discussion Paper that sets out proposals for regulating stablecoins for use in payments in the UK.
PayPal’s UK crypto license is one of only four granted by the FCA during 2023 – the other being to Bitstamp, Komainu, and Interactive Brokers.
The FCA has issued a final warning for cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime.
Under plans set out by the UK government today, it will seek to regulate a broad suite of cryptoasset activities.
Around 85% of crypto firms who applied to the FCA were unable to demonstrate they met the minimum standards.