- FCA prioritizes sanctioning market misconduct in 2024–2025.
- New rules target crypto asset misuse and market integrity.
- FCA enforces stricter crypto promotion regulations in October 2023.
During the two-year period of 2024–2025, the UK’s Financial Conduct Authority (FCA) has set forth its key goals. A top priority is to enhance the regulator’s capacity to identify and sanction market misconduct.
The authority is also focused on creating rules to govern the misuse of crypto assets and related services. Since the announcement, significant progress has been made in maintaining market integrity and safeguarding investors from unfounded scams.
Upholding Market Integrity
The FCA is determined to strengthen its intervention and surveillance systems. These system improvements aim to facilitate detecting and preventing misconduct in the crypto market. The agency intends to employ advanced analytics, which include visual representations of various asset categories and analyses of transaction networks.
These analytical tools are part of the FCA’s broader strategy to uphold market integrity. The FCA aims to foster a safer environment for cryptocurrency investors through these measures.
The FCA has broadened its scope for overseeing market abuse. This includes creating a market abuse regime tailored to crypto assets in addition to the existing PISCES module. The regulator underscores the importance of balancing the promotion of innovation with reducing risks.
Furthermore, the Financial Conduct Authority (FCA) has enhanced its regulatory scrutiny of cryptocurrency firms’ marketing practices. The regulator has upgraded its technology to better identify promotional content that could be misleading, fraudulent, or harmful to investors.
In October 2023, the FCA implemented new rules concerning promoting cryptocurrencies. These regulations aim to prevent crypto firms from engaging in investor deception through misleading advertisements by ensuring compliance with these guidelines.
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