Content
@
0 reply
0 recast
0 reaction
Vinay Vasanji
@vinayvasanji.eth
UK's FCA consultation published today effectively bars crypto public offerings https://www.fca.org.uk/publications/discussion-papers/dp24-4-regulating-crypoassets
1 reply
1 recast
5 reactions
Sandiforward
@sandiforward
Can you share how you interpret it @vinayvasanji.eth and impacts?
1 reply
0 recast
0 reaction
Vinay Vasanji
@vinayvasanji.eth
Couple of key takeaways - comprehensive crypto regulatory regime will be in place by 2026 - focus is on stablecoins and select unbacked assets like Bitcoin and Ether, most other crypto assets will be regulated under existing FSMA regs for securities (hence no ICOs) - they recognize cryptos pivotal role for the future of finance (v. imp, pro innovation regulators) - fragmented information distribution makes crypto distinct from traditional finance and remains problematic/unsolved Incidentally this is somewhere Farcaster could play a role - act as a primary information provider - but @dwr.eth and @v need to become more strategic about onboarding projects rather than just users. Regulators and users need a canonical reference for crypto project announcements and Reddit/X don't meet the bar
1 reply
0 recast
2 reactions
Sandiforward
@sandiforward
1400 $DEGEN thanks Vinay.
1 reply
0 recast
1 reaction
$DEGEN Tip Bot
@degentipbot.eth
✅ 1 400 tipped ∙ 33 remaining 1 400 / 1 433 (98%) 🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧
0 reply
0 recast
0 reaction
