by aria-ratings.com
June 11, 2025 at 08:49
FCA Expands Oversight of Bitcoin and Stablecoins in the UK Crypto Market
The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as Deputy Chief Executive to enhance regulation over stablecoin and crypto firms.
This new position reflects the FCA's broadening responsibilities, particularly the integration of the Payment Systems Regulator.
Pritchard, who began her tenure at the FCA in June 2021, has been influential in shaping consumer and competition policies.
Her role is crucial as the FCA navigates a complex regulatory landscape, ensuring robust relationships to support its international focus.
This appointment comes at a time when stablecoins and cryptocurrencies are gaining significance in the financial ecosystem.
As digital assets flourish, the FCA aims to bolster consumer protection and uphold market integrity through comprehensive oversight.
Meanwhile, notable predictions for Bitcoin suggest a potential surge, with forecasts indicating a rise to $135,000 in the near future.
Industry leaders like Michael Saylor express bullish sentiments, projecting Bitcoin might eventually reach $1 million, underscoring a paradigm shift in institutional interest.
South Korea is also making strides in crypto regulation with the proposed Digital Asset Basic Act to establish a legal framework for digital assets.
Overall, these developments illustrate a fast-evolving regulatory environment as nations seek to effectively integrate cryptocurrencies into their financial systems.
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