The UK Financial Conduct Authority (FCA) recently released a cryptocurrency regulatory roadmap, planning to fully implement the regulatory framework by 2026. This initiative aims to provide clearer legal guidance for the rapidly growing cryptocurrency market.
According to the roadmap, the FCA will publish a discussion paper on market abuse and information disclosure by the end of this year, and plans to launch policy documents regarding stablecoins, trading platforms, staking, and more in early 2024. Data shows that approximately 7 million adults in the UK currently hold cryptocurrency assets, an increase of 4% compared to two years ago.
UK Economic Secretary Tulip Siddiq also stated that relevant regulatory drafts will be introduced early next year, laying the foundation for the future development of the cryptocurrency market. 📈🔍