The financial watchdog of the United Kingdom requires the opinion of the public about crypto instructions.
The Financial Conduct Authority (FCA) says that it aims to develop a “safe, competitive and sustainable” digital power sector.
“Long-term trust in crypto-assets depends on clear regulations to promote market integrity and appropriate consumer protection.
We seek input in how the unique aspects of crypto assets should be considered in our future regime regime. We want an open discussion about the characteristics of the future regime, with this latest discussion document (DP) looking for how we regulate trading platforms, intermediaries, deployment, borrowing and borrowing and decentralized finances. We are also looking for feedback about the use of credit to buy crypto assets. “
The supervisor says that a discussion document and his proposals have been developed after extensive consultations with professionals in the crypto industry, digital assets and stakeholders in the traditional financial sector.
The FCA wants to limit credit card use when buying crypto, and earlier this year the regulator moved to ban digital assets advertisements and managed to reduce the advertisements by 50%.
The financial watchdog says that it is now making “good progress” with technology companies when regulating the forbidden advertisements, but is still concerned about the prevalence of scams Online.
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