Britain‘s Treasury is finalizing plans for a package to regulate the cryptocurrency industry, including limits on foreign companies selling into the country and restrictions on advertising. The package will give the Financial Conduct Authority wider powers to regulate the sector, including monitoring how firms operate and promote their products, sources familiar with the matter told .
There would also be restrictions on companies selling into the UK market from overseas, as well as plans for how crypto firms can be liquidated, the people added. The new regulations come on the heels of market turmoil following the collapse of cryptocurrency exchange FTX, which filed for US bankruptcy protection last month.
