UK FCA plans to exempt some crypto asset companies from traditional financial rules

PANews reported on September 17th that the Financial Times has announced that the UK's Financial Conduct Authority (FCA) plans to bring crypto-asset companies under a comprehensive regulatory framework starting next year, though some traditional financial rules will be exempted. The FCA stated that directly applying existing financial regulations is difficult to adapt to the unique characteristics of the crypto industry and will tailor regulatory measures based on risk. Crypto platforms will not be subject to core principles such as "good faith" and "customer interests first," and will not be required to offer customers a cooling-off period or cancellation rights. The FCA also intends to strengthen controls over operational risks such as cyberattacks and is seeking public comment on whether to include these in consumer protection obligations.

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Author: PA一线

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