The UK Treasury has released the final proposals for cryptocurrency asset regulation, requiring crypto companies to obtain authorization from the Financial Conduct Authority

ChainCatcher news, the UK Treasury has released the final proposal for the regulation of crypto assets, outlining the UK government's intention to bring certain crypto asset activities under the scope of financial services regulation for the first time. The government's position is that companies dealing directly with UK retail consumers, regardless of their location, should be required to obtain authorization.

The document describes that companies engaged in crypto asset activities must now obtain authorization from the UK Financial Conduct Authority, including a provision that cryptocurrency exchanges must provide detailed requirements for entry standards and mandatory disclosures when listing new assets.