TechFlow reports that on December 17, according to Cryptoslate, the UK Financial Conduct Authority (FCA) launched a public consultation on cryptocurrency regulation on December 16, 2024. The new framework aims to balance innovation and development with risk control, focusing on combating market manipulation and financial fraud. The FCA proposes authorizing trading platforms to share information on suspected market abuse and will restrict unregistered crypto firms from operating. The consultation period will last until March 14, 2025, with the regulatory framework draft expected to be released in 2025 and planned for full implementation by 2026, covering areas such as trading activities, stablecoin regulation, and asset custody.
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