UK Targets Crypto Market Abuse with New Regulatory Framework

Key Takeaways The FCA plans to introduce a market abuse regime for crypto assets within the year, aiming to enhance consumer protection and ensure market integrity. The new regulations will apply to all involved in crypto asset trading on UK venues, demanding that exchanges actively prevent market abuse. The FCA aims to recover costs associated with the new regulation of stablecoins and the expansion of financial promotions regulation, indicating a comprehensive approach to crypto market oversight.