FCA Releases Discussion Paper on Cryptoasset Regulations to Enhance Market Integrity

📍Yesterday, Financial Conduct Authority has published a Discussion Paper (DP) to help inform the development of rules for cryptoasset admissions and disclosures (A&D) and cryptoasset market abuse (MARC).

The proposals aim to reduce risks without stifling growth and innovation. It aims to reduce consumer harms and promote confidence and trust in the UK cryptoasset market by:

➡️ improving regulatory clarity so that there are clear and consistent ‘rules of the game’ for firms and consumers

➡️ making sure consumers have the information they need before buying or selling cryptoassets

➡️ requiring controls and processes to bring about fair and orderly trading conditions

further reducing risks of money laundering and losses to fraud.

Learn More:

DP24/4: Regulating cryptoassets - Admissions & Disclosures and Market Abuse Regime for Cryptoassets