FCA Calls for Industry Input on Plans to Tackle Abuse in UK Crypto Market

Quick Summary:

The regulator hopes to bolster clarity by establishing "clear and consistent rules of the game’" for crypto firms and consumers.

The Bank of England has similarly increased scrutiny, requiring firms to report their crypto-asset exposures by March 2025.

Italso issued over 450 consumer alerts against unauthorized crypto promotions in the same period.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: Estonia

Topics: Transparency Regulations Law and Order UK FCA

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 04:40:45 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 24489574

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 12 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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