The FCA plans to introduce a market abuse regime for the cryptocurrency industry this year

ChainCatcher news, according to CoinDesk, reported that the UK FCA announced on Tuesday its business strategy, which intends to launch a market abuse regime for cryptocurrencies this year. The business plan outlines an agenda to protect consumers, ensure market integrity, and promote international competitiveness. Last year, the government released a consultation document that included plans for a market abuse regime for crypto assets.

In the government's response to the crypto consultation last October, it stated: "Market abuse offenses will apply to anyone engaging in market abuse in relation to crypto assets that are permitted (or required to be permitted) to trade on UK crypto asset trading venues. This applies regardless of where the person is located or where the trading takes place."