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UK FCA proposes ban on public crypto offers to enhance market safety
The UK Financial Conduct Authority (FCA) has proposed a ban on public crypto offers from non-regulated entities to mitigate risks associated with digital assets. This initiative, part of a broader regulatory effort, aims to enhance market transparency and user safety, with a deadline for public feedback set for March 14, 2025. As concerns over compliance grow, nearly 90% of digital asset firms in the UK reportedly fail to meet anti-money laundering standards, prompting calls for stricter regulations.
FCA proposes new regulations for crypto market transparency and abuse prevention
The UK's Financial Conduct Authority (FCA) plans to regulate crypto assets by 2026, expanding its authority to include trading, stablecoins, and custody. A discussion paper outlines that public crypto offerings will be restricted unless exemptions apply, with strict disclosure requirements. The FCA also aims to enhance market abuse oversight, allowing information sharing between crypto asset trading platforms to combat suspected misconduct.
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