The UK Financial Conduct Authority seeks public comments on operational standards for cryptocurrency companies.
Jinse Finance reported that the UK Financial Conduct Authority (FCA) announced on the 17th that it is seeking public comments on the minimum standards that cryptocurrency companies must comply with. These proposals reflect many requirements already applicable to traditional financial institutions, such as operational resilience, systems, and anti-crime control measures. The new regulations aim to maintain reasonableness and enable UK businesses to participate in international competition.
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