British regulator kicks off consultation on new crypto rules


Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

LONDON, Dec 16 (Reuters) - British regulator the Financial Conduct Authority (FCA) launched a wide-ranging consultation on a range of proposed rules for the crypto industry on Tuesday, a day after the government said the industry would be regulated from October 2027.

The FCA set out its proposals alongside research that shows that the proportion of UK adults holding crypto has fallen by a third, from 12% to 8% in the past year.

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