The UK’s financial watchdog proposes a ban on public crypto offerings by non-regulated entities, tightening the crypto sector’s rules.
FCA’s Proposed Ban on Public Crypto Offers
The UK’s Financial Conduct Authority (FCA) has unveiled a proposal to prohibit public crypto offerings by unregulated entities. This extends last year’s restrictions on promotional activities targeting UK citizens.
Focus on Market Abuse and Consumer Protection
The FCA’s discussion paper suggests measures like robust market abuse controls, inter-platform data sharing, and enhanced disclosures. These initiatives aim to protect investors and curb fraudulent activities.
Path Toward Comprehensive Crypto Regulation
The new rules are part of a broader framework the FCA plans to roll out by 2026. Public consultations are open until March 2025.
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