NEWS: FCA crypto proposals hailed as ‘watershed moment’ for industry
By PAUL O’DONOGHUE, Senior Correspondent
THE UK’s FCA (Financial Conduct Authority) has unveiled proposals to regulate crypt oasset activities for the first time, in what has been hailed as a “watershed moment” for the sector.
The regulator published three consultation papers covering new conduct and prudential regimes. The FCA said the proposals aim to support “innovation-friendly crypto regulation” while strengthening oversight of crypto markets.
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