Reported 1 day ago
The UK's Financial Conduct Authority (FCA) has initiated a consultation to determine whether crypto firms should adhere to the same regulatory standards as traditional finance institutions, potentially allowing for exemptions to account for the unique nature of cryptocurrencies. The aim is to establish minimum requirements that promote innovation and consumer trust. Stakeholders can provide feedback on various aspects, including consumer duty and complaints handling, with final regulations expected to be published in 2026. This move is part of a broader effort to integrate crypto into existing financial regulatory frameworks.
Source: YAHOO