( March 19, 2025, 09:33 GMT | Official Statement) -- MLex Summary: Outcomes-based rules and the Consumer Duty should be the basis for the new cryptoasset regulatory framework in the UK, a fintech lobby group has told the Financial Conduct Authority. The FCA’s discussion paper on a new admissions and disclosure regime for crypto risks being seen as a “tech negative” mindset, rather than approaching crypto from a neutral position, Innovate Finance said in its response to the paper. An additional outcome should be on equivalence and recognition of the UK regime by the US and the EU, helping to delivery growth, the lobby group said.Consultation response attached. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.