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Avoid prescriptive crypto rules, fintech group tells UK FCA

( 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. ...

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