"cETNs" must be listed on FCA-approved UK-based exchanges and adhere to financial promotion and Consumer Duty rules.
The FCA's intention is to create new rules for a more stringent regulatory regime, its director of payments said.
The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.
The UK Financial Conduct Authority (FCA) has released a discussion paper outlining several proposals and inviting public feedback on crypto regulations in the country. Notably, one proposal seeks to ban public crypto offers from non-regulated entities. Cryptocurrency Public Offers Draw The FCA’s Attention According to the FCA, the proposals – detailed in the discussion paper […]
Bitget’s app relaunch in the UK comes a few months after the exchange restricted its website in the UK in accordance with the Financial Promotions regime in May 2024.