Reported about 3 hours ago
The UK's Financial Conduct Authority (FCA) has proposed exempting crypto firms from key integrity regulations to enhance competitiveness in the digital asset market. The proposal, set amidst the UK's collaboration with the US on crypto regulations, aims to simplify standards for crypto trading platforms while maintaining customer protection against poor business practices. The FCA seeks feedback on potential rules, including consumer duty and access to compensation services, for the growing number of crypto investors in Britain, which has increased from 4% to 12% in recent years.
Source: YAHOO