FCA to Implement Crypto Market Abuse Rules This Year
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FCA plans to deliver a market abuse regime for crypto this year that would apply to anyone committing market abuse on a crypto asset trading on a UK exchange.
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The regime would apply regardless of where the person committing market abuse is based or where the trading occurs.
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The regime may require crypto exchanges to detect and disrupt market abuse behaviors.
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FCA has already implemented some crypto regulations like risk warnings for crypto promotions and a cooling-off period for first-time buyers.
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FCA intends to recover over £6 million in costs for regulating stablecoins and extending financial promotions rules to crypto.