FCA consults on crypto rules
The FCA said that its proposals are intended to follow a similar approach as the traditional financial sector, underpinned by “proportionate” requirements on firms and clear disclosure to investors, coupled with flexibility to allow for innovation.
“We want a market where innovation can thrive, but where people understand the risks,” the regulator noted. “Regulation cannot — and should not — remove all risk. Instead, it should make sure anyone investing in crypto does so with their eyes open.”
The consultations also include proposals for staking, lending and borrowing crypto, rules for decentralized finance (DeFi) generally, and proposed prudential requirements for firms in the crypto sector.
“Regulation…
