The Financial Conduct Authority’s crypto framework unveiled on 30 June, which brings trading platforms, custodians, stablecoin issuers and staking providers within a comprehensive regulatory perimeter, has been welcomed as a significant step towards greater market certainty.
However, views remain divided over whether the reforms will materially change how firms approach the asset class.
Withers senior associate in the IP team Richard Stebbing said advice firms could no longer afford to see crypto regulation as someone else’s responsibility.
“Advisory firms cannot treat this as some…