UK's FCA Proposes Exemption for Some Cryptocurrency Firms from Traditional Financial Rules

BlockBeats News, September 17th, according to the Financial Times, the UK Financial Conduct Authority (FCA) plans to bring crypto firms under regulation in 2026 and exempt them from certain traditional financial rules that are not applicable to this industry. This includes requirements related to management, system controls, and a "cooling-off period" to accommodate the high volatility of crypto assets. The FCA has stated that it will strengthen regulations related to cybersecurity to ensure alignment with actual risks.