FCA UK crypto asset framework
The UK Financial Conduct Authority (FCA) is making bold moves to regulate cryptoassets! Here’s the lowdown:
What’s Happening?
- On 24 Nov 2024, the FCA released its Crypto Roadmap to build a full crypto regulation framework by 2026.
- On 16 Dec 2024, the FCA dropped its first Cryptoassets Discussion Paper (DP), focusing on admissions, disclosures, and market abuse rules.
- Expect a wave of consultations, policy updates, and new rules throughout 2025 on trading, lending, staking, and stablecoins.
Key Highlights:
1. Admissions & Disclosures
- Crypto platforms must publish detailed admission documents for new tokens.
- Transparency is key — risks, rights, and tech details must be clear.
- Platforms face liability for misleading or incomplete info.
- Due diligence by trading platforms will be public.
2. Market Abuse Rules (MARC)
- New rules to crack down on insider trading and market manipulation.
- Platforms must disclose inside information and monitor suspicious activity.
- FCA wants cross-platform data sharing to prevent fraud.
3. Government Action
- HM Treasury will roll out supporting legislation in 2025.
- Public crypto offers will be regulated or restricted unless exempt.
Next Steps:
- Market feedback is open until 14 March 2025.
- A golden chance for crypto players to shape the future of UK crypto laws!
Why It Matters:
This could define how crypto grows in the UK—balancing innovation with consumer protection.
Stay tuned, and make your voice heard!
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