The UK FCA has released a plan to enhance transparency in the encryption market, calling for industry feedback.

PANews, December 17th: The Financial Conduct Authority (FCA) of the UK has released a discussion paper DP24/4 to initiate public consultation on plans to enhance transparency in the crypto market, including strengthening disclosure and market abuse regulations. It requires authorized trading platforms to share information to prevent fraud and promote good practices. The new framework will cover trading activities, stablecoin regulation, and asset custody, with the draft expected to be published in 2025 and implemented in 2026. The paper calls for industry feedback to help establish fair and balanced cryptocurrency rules, with a deadline for feedback set on March 14, 2025. Investors are reminded that crypto assets remain inadequately regulated, posing high risks and potential lack of fund protection.