UK Financial Conduct Authority launches consultation on cryptocurrency regulation

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Cointime2024/12/17 01:23

By:Cointime

the UK Financial Conduct Authority (FCA) launched a public consultation on cryptocurrency regulation on December 16, 2024. The new framework aims to balance innovation and risk control, with a focus on combating market manipulation, financial fraud, and other issues. FCA proposes to authorize trading platforms to share information on suspected market abuse and to restrict the operation of unregistered cryptocurrency companies. The consultation period will continue until March 14, 2025, and the regulatory framework draft is expected to be issued in 2025, with plans to fully implement it in 2026, covering areas such as trading activities, stablecoin regulation, and asset custody.

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