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UK Financial Regulator Proposes Tailored Crypto Regulations with Exemptions
UK Financial Regulator Proposes Tailored Crypto Regulations with Exemptions
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BTCCSquare news:
The Financial Conduct Authority (FCA) is preparing to overhaul its regulatory approach for cryptocurrency firms, introducing sector-specific exemptions while tightening oversight in critical areas. Proposed changes would relieve crypto businesses from certain banking-style rules—including senior manager liability and cooling-off periods—starting in 2026.
Cybersecurity and operational resilience will face heightened scrutiny under the new framework. The FCA aims to balance innovation with consumer protection, explicitly excluding crypto providers from replicating traditional financial institutions' systems and controls. Market participants await clarity on unresolved aspects like customer advisory obligations.
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