The United Kingdom Financial Behavior Authority (FCA) continues to work in order to get public opinion on the regulation of the crypto asset sector. The authority draws attention to the importance of transparency and market integrity in determining the regulatory framework in order to make the sector more secure, competitive and sustainable.
United Kingdom Crypto Rules
FCA emphasizes the necessity of net regulations for ensuring long -term confidence. Regulatory, crypto asset trading transactions, intermediary activities, specific asset management methods and decentralized financial practices, which aim to get opinions on the agenda. Considering the views of professionals, consumers and traditional financial stakeholders operating in the sector, the discussion certificate is the basis of the planned changes.
In the discussion document, the scope of crypto asset regulation is discussed in detail. In the document, trade platforms, intermediaries, specified methods and regulatory suggestions for the use of credit in the purchase of crypto assets have been highlighted. In this context, feedback from different actors will be effective in shaping the future regulatory regime.
Technological Cooperation and Fraud
FCA is working on organizing banned advertisements by cooperating with technology companies. As a result of previous applications, a 50 percent decrease in crypto asset advertisements was provided. Nevertheless, he states that he is concerned about authority in increasing online fraud cases.
FCA Official: “Long -term trust depends on clear regulations to support market integrity and consumer protection. The arrangement framework to be created taking into account the unique characteristics of crypto assets will be open to exchange of views in areas such as trade platforms, intermediaries and credit use.”
It also plans to take steps to restrict crypto currency purchase with financial regulatory credit cards. This step is evaluated in order to prevent consumers’ over -borrowing situations. These regulations and decisions are important for the sector to achieve a more stable structure.
This process carried out by FCA is considered as complement of the steps taken to ensure that the digital asset market is traded with transparency and safely. The regulator states that the feedback they receive will be a guide and that additional arrangements may be required.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
