FCA to Ease Rules for UK Crypto Firms While Tightening Cybersecurity Oversight

TLDR: FCA will relax management and internal control rules for crypto firms while tightening oversight on cyber risks. Crypto exchanges will not be required to offer cooling-off periods or cancellation rights to customers under new rules. The regulator said cryptoasset firms do not carry the same systemic risk as banks or large investment institutions. Strong [...]

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