FCA Publishes Transparency Plan for Crypto Market

The UK Financial Conduct Authority (FCA) has released a discussion document, DP24/4, and is encouraging public feedback on proposals to improve transparency in the cryptocurrency market.

These proposals include strengthening disclosure and market abuse regulations, requiring authorized trading platforms to share information to prevent fraud and promote good practices, and creating a framework for regulating trading activities, stablecoins, and asset custody.

It is expected that the draft will be released in 2025 and implemented in 2026. The FCA is calling on the industry to provide feedback to help develop fair and balanced cryptocurrency rules, with a deadline for feedback set for March 14, 2025.

Investors are reminded that crypto assets are not yet fully regulated and carry high risks, with no guarantee of fund protection.