UK Crypto Regulation Shake-Up: Rules Relaxed?

Is Britain about to give crypto firms a free pass? The FCA is proposing to waive key conduct rules for crypto asset trading platforms, potentially ditching requirements to act with integrity and prioritize customer interests. This move aims to boost the UK's crypto competitiveness amid a friendlier US approach, but critics worry about consumer protection in the volatile crypto market. While the FCA plans tougher rules on operational risk after a major hack, questions remain about applying broader consumer protections. With crypto ownership soaring in the UK, the debate is heating up, and the public has until November 12th to weigh in on the future of crypto regulation. Hosted on Acast. See acast.com/privacy for more information.