global firms Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/global-firms/ The Latest UK Bitcoin and Crypto News Tue, 23 Jan 2024 15:11:10 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.bitcointimes.co.uk/wp-content/uploads/2023/02/cropped-Bitcoin-Fav-Logo-32x32.png global firms Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/global-firms/ 32 32 FCA’s Strict Crypto Rules Could Impact UK’s Ambition to Become a Global Hub https://www.bitcointimes.co.uk/news/business/fcas-strict-crypto-rules-could-impact-uks-ambition-to-become-a-global-hub/ https://www.bitcointimes.co.uk/news/business/fcas-strict-crypto-rules-could-impact-uks-ambition-to-become-a-global-hub/#respond Tue, 23 Jan 2024 15:11:10 +0000 https://www.bitcointimes.co.uk/uncategorized/fcas-strict-crypto-rules-could-impact-uks-ambition-to-become-a-global-hub/ 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. Government-Regulator Coordination Crucial for Attracting Global Firms Coordination between the government and the [...]

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]]> 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

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