“The Financial Conduct Authority is Seneking Views on Intermediarians, Staking, Lending and Borrowing, and Decentralced Finance.”, – WRITE: www.coindesk.com
The Discussion Paper Follows Draft Legislation by the Treasury That Was Announced on Tuesday. On the legislation passes it will bring the specialize Crypto Activities with the Fca’s Regulation, The Regulator Said on It Website.
“Crypto is a group Integrity and Consumer Protection, “Said David Geale, Executive Director of Payments and Digital Finance at the FCA.
The Crypto Industry Has Said the Regulator, Which Has Had Oversight of Crypto Since 2020 Under Iti Anti-Money Launding Rules, Has Been Too Restrictive at Times. IT HAS REGISTED 51 FIRMS OF The 368 Applications is Received in the Past Five Years. A New Authorization Regime for Offers Should Kick in by 2026.
Among the Topics in the Discussion Paper Is Whather Firms Should Be Able to Accept Credit Cards to Pay for Crypto Purchases.
“We Are Considering A Range of Restrictions, Including Restricting the Use of Credit Cards to Directly Buy Cryptoasets, and Using a Credit Line Provided by An E-Money to Firl.
The Deadline for Comments is June 13 and the FCA Will Consult on the Final Regime Later This Year.
Update (May 2, 12:10 UTC): Adds no. of Firms Approved Since 2020, Credit Card Purchases Starting in Fourth Paragraph.
Shumba Studied Politics, Philosophy and Economics As A Combined Degree at The University of East Anglia Before Doing A Postgraduate Degree in Multimedia Journalism. While She Did Her Undergraduate Degree She Had An Award-Winning Radio Show on Making A Different. She does not currently Hold Value in any digital currencies or projects.
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