UK Brings Crypto Under Full FCA Oversight for the First Time
Bitcoin Magazine UK Brings Crypto Under Full FCA Oversight for the First Time The British regulator has started accepting applications from crypto companies ahead of a new regime taking effect next year. This post UK Brings Crypto Under Full FCA Oversight for the First Time first appeared on Bitcoi
Source: Bitcoin Magazine
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DW NOTE
The FCA is opening applications eighteen months before the regime takes effect — enough time for firms to relocate if compliance looks uneconomic. Britain regulated spot crypto exchanges in 2021, banned retail crypto derivatives in 2020, and still has no meaningful domestic exchange volume. Full authorisation means capital requirements, and capital requirements mean exits.