Crypto Market Update: Regulatory Shifts and Bitcoin’s $116K Rally
Regulatory landscape evolves as authorities balance innovation and oversight
The regulatory environment for cryptocurrencies is undergoing changes on both sides of the Atlantic. The UK’s Financial Conduct Authority has proposed exempting crypto firms from certain standard regulatory duties, including traditional requirements around integrity, care, and prioritising customer interests.
The FCA’s proposal is designed to increase competition in the crypto market by reducing some regulatory requirements. However, this approach comes alongside plans for stricter operational risk management rules, creating a mixed regulatory picture.
The move has generated discussion within the industry about the appropriate balance between…
