UK takes major steps towards regulating crypto asset companies
Britain’s main financial watchdog rolled out plans Tuesday to regulate certain areas of the crypto industry for the first time. The measures cover everything from listing rules to stopping people from trading on inside information.
The Financial Conduct Authority released its plans just one day after lawmakers introduced draft laws targeting crypto businesses. The move attempts to strike a balance between making Britain an attractive place for digital money operations while keeping investors safe in a market known for big risks.
The watchdog backed away from some of its tougher ideas that came out earlier this year. Crypto trading sites will now be allowed to list their own digital tokens on their platforms and buy and sell…
