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UK Advances Comprehensive Regulatory Framework for Crypto Assets

UK Advances Comprehensive Regulatory Framework for Crypto Assets

The UK is advancing toward a comprehensive regulatory framework for crypto assets, with the Financial Conduct Authority (FCA) laying out a regime that would bring a broad range of digital asset services within formal oversight for the first time. The proposal, now subject to public consultation, signals a more structured approach to crypto regulation even as comparable efforts in the United States remain stalled in Congress.

Under the FCA’s outline, core crypto activities, including trading, custody, issuance and staking, would fall within the regulatory perimeter, marking a shift from the UK’s current patchwork approach focused primarily on financial promotions and anti-money laundering compliance.  The regulator expects firms…

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