FCA Bolsters Efforts Against Crypto Market Abuse in the UK

• It intends to establish regulations for the crypto market misuse and associated services.
• The FCA plans to beef up its intervention and monitoring systems.

For the years 2024–2025, the UK’s Financial Conduct Authority (FCA) has outlined its primary objectives. Improving the regulator’s ability to detect and punish instances of market abuse is a priority.

It also intends to establish regulations for the market misuse of crypto assets and associated services. Market integrity and the protection of investors against baseless fraud have come a long way since this declaration.

Protecting the Integrity of the Market

The FCA plans to beef up its intervention and monitoring systems. The goal of these enhancements is to make it easier to spot and stop crypto market abuses. The organization’s goal is to make use of sophisticated analytics, including visualizations of different asset classes and network analysis.

These tools are part of the FCA’s larger toolbox for protecting the integrity of the market. By doing so, the FCA hopes to create a more secure setting for investors in the cryptocurrency market.

When it comes to monitoring market misuse, the FCA has expanded its remit. In addition to the PISCES module, it comprises developing a crypto-asset-specific market abuse regime. The need to encourage innovation while decreasing risks is emphasized by the regulator.

The Financial Conduct Authority (FCA) has also taken steps to increase oversight of cryptocurrency companies’ marketing. In order to identify advertising that may mislead, defraud, or hurt the investor, the regulator has improved its technological capabilities.

The FCA passed new regulations regarding the advertising of cryptocurrencies in October 2023. The goal is to prevent crypto companies from misleading investors via deceptive advertising by making sure they follow these rules.

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