Financial Times: UK Finalises Plans for Regulation of Crypto Sector

According to Financial Times, the Treasury is finalising plans for a package of sweeping rules to regulate the cryptocurrency industry, including limits on foreign companies selling into the UK, provisions for how to deal with the collapse of companies and restrictions on the advertising of products.

The powers will be part of the financial services and markets bill, which will provide for the FCA(Financial Conduct Authority) to oversee crypto more broadly, including monitoring how companies operate and advertise their products.


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