UK’s bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout
The U.K. FCA’s crypto framework has been praised for prioritizing global liquidity and institutional adoption, but the authorization process is expected to be daunting.
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Summary
- Industry participants say the FCA’s approach to preserving global liquidity and overseas-issued stablecoins shows promise.
- Uncertainty over international crypto firms and DeFi, coupled with a demanding authorization process, however, could prove a deterrent.
- Institutional adoption could however be given the required boost through the legal certainty that the framework provides.
