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FCA Proposes Stricter Crypto Regulations to Protect UK Retail Investors
FCA Proposes Stricter Crypto Regulations to Protect UK Retail Investors
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The Financial Conduct Authority (FCA) is tightening its oversight of the UK’s cryptocurrency market, targeting high-risk activities like Leveraged lending and credit-based digital asset purchases. New rules aim to balance innovation with consumer protection as crypto adoption reaches 12% of the British population.
Regulators face mounting pressure to act as awareness hits 93% among UK adults. David Geale, the FCA’s payments chief, acknowledges crypto’s potential while emphasizing the need for guardrails. "We’re building frameworks for responsible growth," he stated, leaving the door open for compliant market development.
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