In breaking news reported by Fortune magazine, the early UK election has sparked a competition within the cryptocurrency industry to establish connections with the Labour Party in hopes of gaining support on regulatory policies, despite the unclear future stance of the Labour Party. Sources say that the Financial Conduct Authority (FCA) of the UK is expected to release a draft of proposed cryptocurrency licensing regulations by the end of this year.
Tags: FCA, cryptocurrency
Source link: https://fortune.com/europe/2024/06/12/snap-u-k-election-sends-crypto-industry-…
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