The United Kingdom is ramping up efforts to establish a comprehensive and transparent regulatory framework for its crypto market. To this end, the Financial Conduct Authority (FCA) has launched a sweeping consultation outlining proposed rules for crypto exchanges, staking services, lending platforms, and decentralized finance.
FCA introduces new consultation to regulate the UK crypto market
This week, the FCA launched an extensive consultation to regulate crypto exchanges, staking service protocols, lending platforms, and decentralized finance.
The proposal builds on new secondary legislation from the UK Treasury that formally recognises crypto activities as part of the country’s financial setting. It has an implementation date set for October 25, 2027.
During a conversation with Kraken’s UK head of policy, Perry Scott, he described the moment as long anticipated. The reason is rooted in the piecemeal nature of the UK’s crypto regulatory landscape.
While UK companies operate under anti-money laundering rules and strict financial promotion requirements, the crypto market lacks a unified framework to govern it. This consultation changes everything.
Three low-cost crypto gems that belong in investors’ portfolios
Floki Inu price prediction: Can FLOKI recover soon?
Floki Inu, the Shiba-inspired meme coin, trades below the mid-Bollinger band, having tested the lower band at $0.0000417. Around this area, the bears control FLOKI’s price.
However, this will likely continue only in the short term, with a rebound possible after the bulls reemerge. Given this expectation, FLOKI could be among the best cheap cryptos to buy now.
Per market data, FLOKI trades at $0.0000412, following an 11.28% weekly decline.
Dogwifhat price prediction: Can WIF reclaim $1?
Following a sharp sell-off, Dogwifhat is attempting to stabilize between $0.37 and $0.38. The small-bodied candles appearing on the charts suggest selling pressure is cooling, which could give room for the bulls to shine.
While there are no confirmed signs of an upward reversal, this relief hope offers a glimmer of hope that the price may trend higher once conditions improve. When that happens, WIF could set a course towards the $1 mark.
As of now, WIF trades at $0.35, down 8.94% over the week.
