UK’s FCA Launches Crypto Standards Consultation Amid Criticism Over Disjointed Regulation

The UK’s Financial Conduct Authority (FCA) has launched a consultation on new minimum standards for crypto firms. The regulator aims to apply rules from traditional finance to promote a well-regulated sector. While the FCA intends to strengthen consumer safeguards and market integrity with these proposals, the UK’s overall regulatory approach has been criticized as slow, restrictive, and disjointed. FCA Seeks Crypto Feedback The UK’s financial watchdog, the FCA, is seeking public feedback on a new set of proposed minimum standards for cryptocurrency companies to tighten its grip on the crypto sector source: https://beincrypto.com/uks-fca-launches-crypto-standards-consultation-amid-criticism-over-disjointed-regulation/