US EditionUK FCA Plans to Waive Some Rules for Crypto Companies: FT
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14 Articles
UK FCA Plans to Waive Some Rules for Crypto Companies: FT
The U.K.'s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday.However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks.The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citi…
UK move to waive strict TradFi regulations for crypto companies
The UK Financial Conduct Authority (FCA) has moved to waive strict TradeFi regulations for crypto companies. The FCA confirmed the development in a press release published on Wednesday. The UK outlined minimum expectations for crypto companies seeking to operate in the UK once the sector is officially regulated. The regulator added that these guidelines aim to balance innovation and competitiveness while safeguarding consumers and maintaining m…
UK FCA Proposes Revisions In Minimum Standards For Crypto Firms
The UK’s FCA seeks public feedback on how the Consumer Duty standards should scale with crypto firms to balance innovation, competitiveness, and consumer protection. The UK’s Financial Conduct Authority (FCA) released a notice on Wednesday, seeking public feedback on its proposed minimum standards for cryptocurrency firms. The move aims to align the required “good business practices” of these businesses with the ones already expected from tradit…
FCA crypto proposal seeks full UK oversight for firms by 2026
FCA crypto proposals aim to bring digital asset firms under full UK oversight by 2026, spelling out provisions for governance, resilience, and crime prevention. The regulator says the framework mirrors traditional finance rules but will be adapted to reflect crypto’s…
The FCA published a consultation paper that raises rules based on the principle of “same risk, same regulatory outcome,” but with proportional adjustments that recognize the “single nature” of cryptocurrencies. *** The FCA proposes flexible rules for cryptocurrencies in the UK. It plans to adapt existing financial rules, but with proportional adjustments. The rules “will not eliminate the risks of investing in crypto,” said the regulator. The go…
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