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FCA lays out ‘landmark’ crypto clampdown
The City watchdog has unveiled a “landmark” clampdown on the cryptocurrency market that will force companies to win approval from the regulator in order to deal with British customers. The Financial Conduct Authority (FCA) set out rules on Tuesday that will subject companies to higher levels of regulatory scrutiny from October 2027. Under current rules, crypto firms only have to deal with the regulator for anti-money laundering checks. The new framework will require every crypto platform, exchange, custodian and staker to hold a full financial licence to conduct business with UK clients. Even companies who are ... (full story)
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From fca.org.uk | 12 hr ago
Firms supporting people to buy, trade and hold crypto will need to meet clear standards under landmark rules set out by the FCA. All firms must meet financial resilience requirements including capital and stress testing. The FCA is also introducing new market integrity rules covering areas such as insider trading and market manipulation. The new framework ...
From finance.yahoo.com | 22 hr ago
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From financemagnates.com | 26 hr ago
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