Britain to Get Robust and Transparent Regulations for Crypto Assets Following the FTX Collapse

IndustryTrends

Following the collapse of cryptocurrency exchange FTX last year, Britain's finance minister intends "strong" controls for crypto assets.

The Financial Conduct Authority (FCA) of Britain has stated that more than 80% of license applicants were unable to demonstrate that they could do this correctly.

While the new legal framework is being implemented, firms that have already been granted FCA authorization will be permitted to temporarily issue their promotions.

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