Coindesk reported that the UK Financial Conduct Authority (FCA) has unveiled its final cryptocurrency framework for regulating digital assets, receiving positive feedback from the local industry. The outlet explained, "The new regulations allow access to global liquidity through overseas exchanges and permit the circulation of stablecoins issued outside the UK. However, regarding the licensing criteria for overseas branches, it only presented the principle of 'countries with an equivalent level of regulatory framework,' without specifically identifying which countries qualify. As a result, the industry points out that there is a lack of regulatory predictability and clarity for developing business plans. Furthermore, the licensing and approval procedures under the new system are also expected to place a significant burden on businesses."
