The UK’s overlooked regulatory superpowers
This opinion piece by Pavan Kaur highlights the United Kingdom's unique advantages as a regulatory hub in the cryptocurrency market post-Brexit. Despite perceptions of diminished influence outside the EU, the UK's financial regulations significantly impact global markets. The Financial Conduct Authority's (FCA) stringent rules, coupled with heavy penalties for non-compliance, underscore the importance of adhering to UK's financial promotion laws. With growing regulatory clarity, crypto firms are encouraged to adopt a risk-based approach, especially when considering expansion into the EU under the Markets in Crypto-Assets (MiCA) regulation. Divergence among EU jurisdictions presents non-EU companies opportunities to choose favorable regulatory environments. Kaur advocates for a UK-first strategy, as its robust legal framework is recognized internationally, potentially positioning UK-based crypto businesses advantageously amid the evolving global regulatory landscape.
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