In the news: FCA’s market abuse regime for cryptocurrencies
1 min read

In the news: FCA’s market abuse regime for cryptocurrencies

The UK’s Financial Conduct Authority (FCA) intends to introduce a cryptocurrency market abuse regime this year, setting higher expectations for the standards of care and supervision that firms provide to consumers. The proposed regime would require cryptocurrency exchanges to detect and disrupt abusive market practices. For some firms, ensuring compliance will require a significant shift in operational and cultural practices.

Helen Boyd, Head of Financial Markets at the FCA, joins OMFIF to discuss the key elements of the regime and how they differ from existing regulations. This roundtable will examine how the framework will impact the day-to-day operations of UK-based crypto-asset service providers and what steps they should take to prepare for these changes.