{"id":47977,"date":"2025-09-17T10:01:50","date_gmt":"2025-09-17T10:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47977"},"modified":"2025-09-17T10:01:50","modified_gmt":"2025-09-17T10:01:50","slug":"uk-fca-plans-to-waive-some-rules-for-crypto-companies-ft","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47977","title":{"rendered":"UK FCA Plans to Waive Some Rules for Crypto Companies: FT"},"content":{"rendered":"<div>\n<p>The U.K.&#8217;s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to <a href=\"https:\/\/www.ft.com\/content\/32e622ba-9d02-4ba5-bab0-e82facd4f849\">a Financial Times (FT) report<\/a> on Wednesday.<\/p>\n<p>However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks.<\/p>\n<p>The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citing a consultation paper published Wednesday.<\/p>\n<p>&#8220;You have to recognize that some of these things are very different,&#8221; David Geale, the FCA&#8217;s executive director for payments and digital finance, said in an interview, according to the report, adding that a &#8220;lift and drop&#8221; of existing traditional finance rules would not be effective with crypto.<\/p>\n<p>One such area that may be handled differently is the stipulation that a firm &#8220;must conduct its business with integrity&#8221; and &#8220;pay due regard to the interest of its customers and treat them fairly.&#8221;<\/p>\n<p>Crypto companies would be given less strict requirements than banks or investment platforms on rules concerning senior managers, systems and controls, as cryptocurrency firms &#8220;do not typically pose the same level of systemic risk,&#8221; the FCA said.<\/p>\n<p>Firms would also not have to offer customers a cooling off period due to the voltatile nature of crypto prices, nor would technology be classed as an outsourcing arrangement requiring extra risk management. This is because <a href=\"https:\/\/www.coindesk.com\/learn\/what-are-the-four-kinds-of-blockchains\">blockchain technology is often permissionless<\/a>, meaning anyone can participate without the input of an intermediary.<\/p>\n<p>Other areas of crypto regulation remain undecided.<\/p>\n<p>The FCA has plans to fully integrate cryptocurrency into its regulatory framework from 2026.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.K.&#8217;s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47977","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47977"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47977\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}