Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the United Kingdom’s Financial Conduct Authority (FCA) has outlined new proposals for how existing financial rules should apply to cryptocurrency, Bitwise said new US listing rules will be a boon for crypto ETFs, and Google unveiled an open-source protocol for AI-powered payments with stablecoins.
The UK FCA published a consultation paper on Wednesday, setting out minimum standards that crypto companies must meet once the industry is formally brought under its remit. The regulator said the rules are designed to balance innovation and competitiveness with protections for consumers and market integrity.
“We want to develop a sustainable and competitive crypto sector, balancing innovation, market integrity and trust,” said David Geale, executive director of payments and digital finance.
