UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout
The FCA's crypto framework has been praised for preserving global liquidity and supporting tokenization but firms will face significant hurdles to approval.
➤ The UK's new crypto framework, praised for preserving global liquidity and allowing non-UK stablecoins, aims to position the UK as a global crypto hub. ➤ However, firms face significant hurdles in the demanding authorization process and uncertainty regarding DeFi and comparable regulatory protection for overseas jurisdictions. ➤ Despite challenges, the framework provides legal certainty that could boost institutional adoption, though implementation predictability remains key.