The United Kingdom's financial guardian is asking for public opinion on crypto regulations.
The Financial Conduct Authority (FCA) Says It aims to build a “safe, competitive, and sustainable” digital asset sector.
“Long-term trust in crypto properties depends on clear regulation to promote market integrity and appropriate consumer protection.
We are looking for input on how to consider the unique aspects of crypto assets in our future regulation. We want an open discussion about the features of the future regime, with the latest discussion discussion (DP) looking for insights on how we control platforms of trading, mediator, staking, lending and borrowing, and decentralized finances. We are also looking for a comment on the use of credit to buy crypto assets. “
The regulator said a Paper of discussion And its proposals have been developed after extensive consultation with professionals in the crypto industry, digital asset consumers and stakeholders in the traditional financial sector.
The FCA aims to tighten the use of credit cards when buying a crypto, and earlier this year, the regulator has moved to inhibit digital asset ads, which manages to cure advertisements by 50%.
The financial guardian said that it is now producing “great development” at tech companies in regulating the restricted commercials but are still concerned about the proliferation of scam online.
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