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The U.K. Financial Conduct Authority (FCA) has proposed a new crypto regime that will prohibit public offers of crypto assets, building on existing promotion rules. The FCA seeks industry feedback on market admission, disclosures, and measures to combat fraud, with a new regulatory framework expected by 2026.
The Bank of England is mandating firms to report their crypto asset exposure by March 24, 2025, to enhance financial stability and inform regulatory frameworks. The Prudential Regulation Authority (PRA) is particularly concerned about risks associated with permissionless blockchains and settlement failures. This initiative aims to establish a baseline for monitoring risks and guiding future regulations in the evolving crypto landscape.
Britain's Financial Conduct Authority (FCA) has outlined a plan to establish a comprehensive regulatory framework for the cryptocurrency sector by 2026. Key milestones include discussions on stablecoin regulations in late 2024 and trading platform guidelines in early 2025, with a full regime expected to be implemented by 2026. The FCA's research indicates growing crypto adoption in the U.K., with average holdings increasing, but also highlights public misconceptions about regulatory protections.
Matthew Long
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UK FCA proposes ban on public crypto offers in new regulatory framework
12:45 16.12.2024
bank of england mandates firms to report crypto exposure by 2025
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15:09 13.12.2024
Britain plans comprehensive cryptocurrency regulation by 2026 according to FCA
13:48 26.11.2024
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