As Rishi Sunak takes over as the British’s new Prime Minister in October 2022, he has made crypto one of his main focuses so that the country stays relevant. Let’s see what we can expect from the U.K.’s regulation landscape.
The Vision And The Rules
The Financial Conduct Authority (FCA) issued the guidelines on crypto advertising in June this year after the consultation window for the most comprehensive regulatory regime for cryptoended in April.
One of the most crypto-friendly zones in Europe, the U.K. wants to create a beneficial environment for both service providers and users by establishing clear rules in a timely and proactive manner. While crypto businesses must be transparent about their operation to showcase their resilience as well as sustainability, it’s also required that users are informed of the risks related to crypto – high volatility, scams, hacks – same as any other financial assets in their early days. With their prompt actions, British authorities are removi
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