Several crypto firms have suspended services or exited the UK market due to the FCA’s marketing rules.
Lack of Legal Framework Hinders UK’s Crypto Hub Ambitions
Without a comprehensive legal framework, the UK’s ambition to be a global crypto hub may suffer.
“For certain crypto players, the FCA’s rather stringent marketing rules are acting as a deterrent and a potential reason to leave the jurisdiction. ”
Government-Regulator Coordination Crucial for Attracting Global Firms
Coordination between the government and the regulator is necessary for the UK to attract global firms.
Read more here at https://www.theblock.co/post/273763/fca-crypto-rules-sunak-uk-web3-hub
