The Financial Conduct Authority (FCA), the top financial watchdog in #Britain, will modify the #FSMA’s current standards to suit the #digital asset #market better.

The Financial Conduct Authority (FCA), the top financial watchdog in #Britain, will modify the #FSMA’s current standards to suit the #digital asset #market better.

The Financial Conduct Authority (FCA), the top financial watchdog in #Britain, will modify the #FSMA’s current standards to suit the #digital asset #market better.

The Treasury announced that there won’t be a separate regulatory regime for #crypto as it would fall under the framework of the U.K.’s Financial Services and #Markets Act 2000 (#FSMA).

However, #Britain’s chief financial regulator, the #Financial Conduct Authority (#FCA), will tailor the existing #FSMA’s rules for the #digital assets #market.

However, #Britain’s chief financial regulator, the #Financial Conduct Authority (#FCA), will tailor the existing #FSMA’s rules for the #digital assets #market.

The Treasury announced that there won’t be a separate regulatory regime for #crypto as it would fall under the framework of the U.K.’s Financial Services and #Markets Act 2000 (#FSMA).