UK FCA Releases Crypto Asset Regulatory Framework on July 5

On July 5, the UK Financial Conduct Authority (FCA) released its cryptocurrency asset regulatory framework. The framework allows overseas trading platforms to serve UK clients through local authorized branches with access to global liquidity pools, and permits non-UK-issued stablecoins to circulate. Industry participants welcomed the competitive advantages, though flagged uncertainties: the FCA has not specified which foreign jurisdictions meet "equivalent regulatory protection" standards, and DeFi policy remains unclear. Market participants noted that the authorization process will be significantly stricter than existing anti-money laundering registration, and expect the framework's practical implementation and approval predictability to determine whether the UK can emerge as a global crypto hub.
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