UK Crypto Rules Promise Global Liquidity, But Compliance Hurdles Loom Large

The UK's Financial Conduct Authority (FCA) has unveiled its cryptocurrency regulatory framework, which has been praised for prioritizing global liquidity and institutional adoption.

Industry participants say the FCA's approach to preserving global liquidity through overseas trading venues and allowing non-U.K.-issued stablecoins to circulate shows promise.

Katie Harries, Coinbase's head of policy for Europe, said the publication of the final crypto rules is a 'major milestone' for regulatory clarity and a strong outcome for the U.K.'s competitiveness in digital asset innovation.