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

On 14 March 2025, the FCA closes its consultation on a Discussion Paper on a proposed financial services regulatory regime for cryptoassets that it will oversee. The discussion paper focuses on a Market Abuse Regime for Cryptoassets 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.