United Kingdom: Opened consultation on draft FCA discussion paper on regulating cryptoassets

On 16 December 2024, the FCA opened a consultation on a proposed financial services regulatory regime for cryptoassets until 14 March 2025. The discussion paper focuses on a Market Abuse Regime for Cryptoassets (MARC) and a Cryptoasset Admissions and Disclosure regime. The proposals aim to enhance regulatory clarity, ensure consumers have sufficient information on financial risks before buying or selling cryptoassets, support fair trading conditions, and reduce the risks of money laundering and fraud-related losses.