According to reports from Wu, the UK's Financial Conduct Authority (FCA) released a discussion document on May 2, initiating public and industry consultations on cryptocurrency intermediaries, staking, and lending. The FCA plans to prohibit retail investors from using credit cards to invest in crypto assets and requires trading platforms to segregate proprietary trading from client trading. This move follows the Treasury's legislative proposal from April, aimed at strengthening market regulation and protecting consumers. The consultation will close on June 13.