BTCC
/
BTCC Square
/
Global Cryptocurrency
/
UK FCA Proposes Flexible Regulatory Approach for Crypto Firms
UK FCA Proposes Flexible Regulatory Approach for Crypto Firms
20
1
BTCCSquare news:
The Financial Conduct Authority is adapting its rulebook to accommodate the distinctive characteristics of digital assets. Traditional finance regulations won't be mechanically applied, recognizing crypto's unique risk profile and operational dynamics.
Cyber security protocols will see heightened scrutiny, while requirements for senior manager oversight may be relaxed. The volatile nature of crypto markets has prompted exemptions from cooling-off periods and technology outsourcing rules that govern traditional finance.
By:
