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)