Not everyone welcomes the Treasury’s exemption. Given the Financial Conduct Authority’s increasing focus on consumer protection “it is hard to see how the regulator could ever agree to this,” said James Alleyne, legal director at Kingsley Napley, who worked at the FCA previously in an emailed statement.
A new set of much-anticipated regulatory plans published by the Treasury on Wednesday could make it mandatory for crypto firms to be authorized by the Financial Conduct Authority . For now, firms have to apply for FCA registration under its anti-money laundering regime.
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How the Crypto Industry Can Move Forward in 2023U.S. officials in the Biden administration published a statement on Friday urging Congress to “step up its efforts” with respect to regulating the cryptocurrency market. Chamber of Digital Commerce Founder and CEO Perianne Boring weighs in on the state of U.S. crypto regulation and the 'critical role' of Congress to provide oversight of U.S. regulators. FTX_Official DigitalChamber PerianneDC In 2022, it was certainly not boring. 😉 FTX_Official DigitalChamber PerianneDC Big Pharma gets a seat at the table for self-regulation, but the digital asset industry gets absolutely nothing. Cool, makes sense. Especially when its a non-us based firm we are talking about. DeFiloud FTX_Official DigitalChamber PerianneDC 🚀
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry FeedbackNEW: The U.K.'s hmtreasury is proposing crypto rules that focus on consumer protection and is seeking feedback from industry stakeholders. camomileshumba reports hmtreasury camomileshumba cz_binance
مصدر: CoinDesk - 🏆 291. / 63 اقرأ أكثر »
Britain sets out plans to regulate crypto industry in wake of FTX collapseIn December, a U.K. minister suggested FTX's failure had reinforced the need for urgent crypto regulation. Now, the government has unveiled its plans. Who thinks the current UK government is capable of regulating an industry at this time, or will its ineptitude and dishonesty make a hash of it, inevitably, even if everyone in the Room wants a solution?
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
The UK to Enforce 'Robust' Standards in the Crypto Industry After FTX CrashRishi Sunak's administration plans to implement 'robust, transparent, and fair standards' on the domestic cryptocurrency industry.
مصدر: Crypto_Potato - 🏆 568. / 51 اقرأ أكثر »