UK Crypto Market Poised for Major Shakeup
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The UK’s Financial Conduct Authority (FCA) has launched a consultation on proposed rules for crypto exchanges, staking, lending platforms, and DeFi. This follows new Treasury legislation bringing crypto fully under the country’s financial services framework, with an implementation target of October 25, 2027. Industry leaders like Perry Scott from Kraken describe it as a long-awaited moment, signaling a shift from fragmented oversight to a full market structure.