#crypto regulations

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➤ The SEC is set to introduce significant new regulations for digital assets by mid-2024, aiming to provide clarity on issuance, trading, and custody. ➤ Key proposals include 'Regulation Crypto' offering exemptions for startups and new rules for broker-dealers, shifting from an enforcement-heavy approach. ➤ These changes are influenced by political goals to make the US a crypto capital and are occurring alongside Congressional debates on SEC/CFTC authority.

➤ The UK's FCA has finalized comprehensive crypto regulations, including prudential standards, market abuse rules, and stablecoin requirements, with full enforcement starting October 25, 2027. ➤ These rules aim to position the UK as a global digital asset hub by bringing crypto firms under regulatory oversight and treating them as legitimate financial institutions. ➤ Key provisions include a 1% capital requirement for stablecoin issuers and market abuse rules mirroring traditional finance, enhancing investor protection and accountability for firms serving UK consumers.