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The Guardian - UK
The Guardian - UK
Technology
Kalyeena Makortoff Banking correspondent

Crypto firms operating in UK to be subject to sweeping new rules

A stack of Bitcoin tokens in front of a computer screen with options to buy or sell
The FCA regulations will not make crypto risk-free, and investors could still lose all their money. Photograph: Wit Olszewski/Alamy

Crypto firms operating in the UK will be forced to prove they can weather market shocks and hold capital against risky assets as part of sweeping new rules announced by the Financial Conduct Authority (FCA).

The regulations will increase supervision of the crypto industry, which has so far has faced minimal oversight despite a boom in popularity linked to social media influencers and a legitimisation drive under the US president, Donald Trump.

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