The UK’s financial regulator is moving towards finalizing key cryptocurrency regulations.
The Financial Conduct Authority (FCA) is now in the last phase of its consultation process to receive feedback on ten significant proposals aimed at regulating the crypto sector in alignment with traditional financial standards.
The FCA announced that these regulations are fundamental to establishing a reliable and competitive crypto market.

“While innovation should thrive in the crypto space, it’s essential for investors to recognize the associated risks. Regulation shouldn’t eliminate all risk but should aim for better understanding among participants.”
The proposals cover various dimensions of the crypto market, including conduct standards, credit transactions involving crypto assets, regulatory compliance, and the treatment of retail collateral in crypto borrowing. The deadline for stakeholders to submit their feedback is March 12.
Previously, in December, the FCA revealed intentions to regulate cryptocurrencies similarly to traditional finance.
Proposals Under Consultation
Package of rules up for consultation. Source: FCA.