Mars Finance news, according to Reuters, the UK Financial Conduct Authority (FCA) launched a wide consultation on a series of proposed rules for the cryptocurrency industry on Tuesday. The day before, the UK government announced that it would implement regulations for the industry starting from October 2027. While announcing related proposals, the FCA also released a research report, which showed that the proportion of UK adults holding cryptocurrencies has decreased by one third over the past year, from 12% to 8%. The FCA stated on Tuesday that its rules will cover the listing of crypto assets, measures to prevent insider trading and manipulation, standards for cryptocurrency trading platforms, and broker regulations. The agency also consulted on matters such as prudential requirements, regulatory provisions to clarify the risks of cryptocurrency staking, better protection for both parties in cryptocurrency lending, and potential financial safeguards for cryptocurrency companies to manage risks. The FCA is seeking opinions on its proposals, with a deadline of February 12, 2026. The regulatory agency has committed to finalizing the regulatory framework by the end of next year.
