Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
UK FCA plans to exempt some crypto asset companies from traditional financial rules
2hours ago

According to the Financial Times, the UK's Financial Conduct Authority (FCA) plans to bring crypto-asset companies under a comprehensive regulatory framework starting next year, though some traditional financial rules will be exempted. The FCA stated that directly applying existing financial regulations is difficult to adapt to the unique characteristics of the crypto industry and will tailor regulatory measures based on risk. Crypto platforms will not be subject to core principles such as "good faith" and "customer interests first," and will not be required to offer customers a cooling-off period or cancellation rights. The FCA also intends to strengthen controls over operational risks such as cyberattacks and is seeking public comment on whether to include consumer protection obligations.