UK Financial Conduct Authority seeks comments on operating standards for cryptocurrency companies

According to Golden Finance, the UK Financial Conduct Authority (FCA) announced on the 17th that it is soliciting opinions on the minimum standards that cryptocurrency companies need to comply. These proposals reflect many requirements that have been applied to traditional financial institutions, such as operational resilience, systems and control measures to combat crime. The new regulations are designed to maintain rationality and enable British businesses to participate in international competition.