Has the FCA done enough to balance competitiveness and oversight for crypto firms?

Overview

The FCA finalised the cryptoasset framework after years of gathering industry feedback in consultations. Some key areas were softened, specifically prudential requirements on stablecoins. Transaction arrangements and joint FCA and BoE supervision were also clarified in the final framework. However, the UK can still be seen as comparatively expensive to operate within relative to other countries. There are also still big questions around when stablecoins become systemic, and how larger stablecoin

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