UK’s FCA Proposes Tighter Crypto Regulations to Mitigate Market Risks

CoinMarketCap2024-12-17

The Financial Conduct Authority (FCA), the UK’s financial regulatory body, has proposed implementing stricter regulations on the cryptocurrency market. This move aims to mitigate risks associated with...

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This move aims to mitigate risks associated with...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6760ecaf42cac83d1e012b96/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK’s FCA Proposes Tighter Crypto Regulations to Mitigate Market Risks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUK’s FCA Proposes Tighter Crypto Regulations to Mitigate Market Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6760ecaf42cac83d1e012b96/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Financial Conduct Authority (FCA), the UK’s financial regulatory body, has proposed implementing stricter regulations on the cryptocurrency market. This move aims to mitigate risks associated with...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6760ecaf42cac83d1e012b96/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4204","symbol_name":"教育服务","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6760ecaf42cac83d1e012b96/","article_id":"2492609445","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/a75490b0e6e24a20b209ce4ec868f08c.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492609445","pubTimestamp":1734405294,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The Financial Conduct Authority , the UK’s financial regulatory body, has proposed implementing stricter regulations on the cryptocurrency market. This move aims to mitigate risks associated with digital assets and could result in banning unlicensed companies from issuing public cryptocurrency offers.The FCA released a discussion paper on December 16, outlining plans to prohibit non-regulated entities from conducting public crypto offerings. The proposed measures are designed to ensure that cryptocurrency-related promotions comply with established financial laws and prioritize consumer protection.To refine these proposed measures, the FCA has invited feedback from the public and industry stakeholders. The consultation period is open until March 2025. This initiative forms part of a broader effort to establish a comprehensive regulatory framework for the UK’s cryptocurrency market by 2026.The UK government sees these proposed crypto regulations as vital to fostering a safer investment e","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4204":"教育服务","DAO":"有道","BK4510":"在线教育","FCA":"First Trust China AlphaDEX Fund","BK4506":"内地教育股"},"translate_title":"英国FCA提出更严格的加密货币监管以减轻市场风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAO":1,"FCA":1},"content_text":"The Financial Conduct Authority (FCA), the UK’s financial regulatory body, has proposed implementing stricter regulations on the cryptocurrency market. This move aims to mitigate risks associated with digital assets and could result in banning unlicensed companies from issuing public cryptocurrency offers.\nProposed Regulatory Measures\nThe FCA released a discussion paper on December 16, outlining plans to prohibit non-regulated entities from conducting public crypto offerings. The proposed measures are designed to ensure that cryptocurrency-related promotions comply with established financial laws and prioritize consumer protection.\nAccording to the FCA, the proposed regulations include requiring authorized firms, such as licensed crypto trading platforms, to share information and implement robust monitoring systems to detect and prevent suspicious activities. “We are also suggesting certain firms, like authorized crypto trading platforms, share information with each other to help stop suspected market abuse,” stated the FCA.\nRecent FCA Actions and Warnings\nTo refine these proposed measures, the FCA has invited feedback from the public and industry stakeholders. The consultation period is open until March 2025. This initiative forms part of a broader effort to establish a comprehensive regulatory framework for the UK’s cryptocurrency market by 2026.\nThe FCA has already taken steps to enforce its regulatory authority. On December 3, the regulator restricted access to Pump.fun, a platform suspected of offering unauthorized financial services. The FCA warned that such platforms could pose significant risks to UK consumers.\nExisting Crypto Regulations in the UK\nThe FCA’s recent proposals build on earlier regulations introduced in 2023, which banned unregistered crypto companies from marketing or promoting their services to UK residents. Since 2020, the FCA has closely monitored compliance with anti-money laundering (AML) regulations in the cryptocurrency sector.\n\nClear admissions, disclosures and market abuse rules will help improve the integrity of our crypto markets, while protecting people and supporting the UK's growth and competitiveness.\nFind out more https://t.co/zB3e0xXkti#crypto #CryptoRegulation #FinancialRegulation\n— Financial Conduct Authority (@TheFCA) December 16, 2024\n\nMarket Risks and Global Context\nA recent industry report highlighted that the UK ranks among the top countries affected by crypto scams and failed projects, accounting for 7% of global crypto-related scams between January 2022 and October 2024. The report emphasized that rapid market expansion in regions like the UK often creates opportunities for fraudulent schemes, underscoring the need for stringent regulatory frameworks.\nThe UK government sees these proposed crypto regulations as vital to fostering a safer investment environment. According to the FCA, the new rules are intended to “set out proposals for firms to introduce strong controls that prevent harm.”\nFlockerz: A New Community-Focused Cryptocurrency\nFlockerz has emerged as a promising contender in the meme coin market by emphasizing community-driven principles through a well-designed decentralized autonomous organization (DAO) and a reward-based ecosystem.\nThe cryptocurrency stands out with its unique mascot—a group of blue hens with lazy eyes engaged in quirky antics—which symbolizes its commitment to decentralization within the meme coin economy. According to its whitepaper, the current PVP meme coin ecosystem faces monopolistic control, causing significant financial losses for investors.\nTo address these challenges, Flockerz introduced FlockTopia, a DAO designed not only to give holders voting power over the project’s future but also to reward them through a Vote-to-Earn system. This innovative approach allows participants to earn incentives while shaping the project’s development.\nThe Vote-to-Earn model could attract more long-term investors by promoting token retention, thereby enhancing the token’s stability. Additionally, 25% of the total token supply is allocated for staking rewards, offering further incentives for community engagement and participation. Individuals interested in becoming part of this growing ecosystem can find more information at flockerz.com.\nRelated News\n\nUK’s FCA Targets Meme Coins and Misleading Crypto Promotions\nUK Proposes Legislation to Classify Cryptocurrency as Personal Property\nLandmark UK Crypto Bill Recognizes Bitcoin, NFTs, And Tokenized Assets As Personal Property\nFCA Expands Its Warning List With Nine New Crypto and Financial Companies","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492609445"}