The UK Financial Conduct Authority (FCA) plans to establish a comprehensive crypto asset regulatory framework by 2027. This means that exchanges, digital asset custodians, staking platforms, and others will be incorporated into a formal licensing system, aligning with the regulatory standards of traditional financial institutions.
More interestingly, regulators are also considering a political crypto donation review mechanism. This involves the role of cryptocurrencies in political financing, and new disclosure and restriction requirements may be introduced in the future.
Overall, the UK is building a more mature and transparent crypto asset regulatory ecosystem. This presents both challenges for the industry and new competitive advantages for compliant platforms.
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ImpermanentLossFan
· 12h ago
Will the framework be ready by 2027? By then, Bitcoin will have doubled several times again haha
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Political donations are subject to review, it seems the FCA really wants to control crypto to death
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The so-called compliance advantage is just the end of small exchanges
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Other countries will inevitably follow the UK's approach sooner or later, there's no escape
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Instead of regulation, it's better to just ban it directly. Why bother with these four years of fuss?
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Staking platforms being included in the licensing system... feels like the threshold is being raised again
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Transparency? I think it's just transparent money grabbing
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Centralized platforms should be trembling, DEXs remain silent with a smile
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Now it's really time to choose sides, compliance or freedom
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bridge_anxiety
· 12h ago
Finish the regulatory framework by 2027? This move by the UK is quite aggressive. Small platforms are probably going to be淘汰一大批
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rug_connoisseur
· 12h ago
Get the entire framework done before 2027. The pace in the UK is a bit intense... compliant platforms are about to take off.
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StealthMoon
· 12h ago
Get the framework done by 2027? The UK is really serious about this, but compliant exchanges might actually have the advantage now.
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GasBankrupter
· 12h ago
Before 2027? Come on, another five years to wait... The UK's regulatory speed is truly unmatched.
But honestly, targeting political donations—that's what you call a real tough player.
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SchrodingerWallet
· 12h ago
Complete the framework by 2027? The pace in the UK is a bit slow, it feels like they can't wait anymore.
The UK Financial Conduct Authority (FCA) plans to establish a comprehensive crypto asset regulatory framework by 2027. This means that exchanges, digital asset custodians, staking platforms, and others will be incorporated into a formal licensing system, aligning with the regulatory standards of traditional financial institutions.
More interestingly, regulators are also considering a political crypto donation review mechanism. This involves the role of cryptocurrencies in political financing, and new disclosure and restriction requirements may be introduced in the future.
Overall, the UK is building a more mature and transparent crypto asset regulatory ecosystem. This presents both challenges for the industry and new competitive advantages for compliant platforms.