ukcryptorevolution

#UKAlgorithmicCryptoTradingAppsMayNeedFCAAuthorization

The UK Financial Conduct Authority (FCA) recently published draft perimeter guidance (CP26/36) warning that algorithmic crypto trading apps and Decentralised Finance (DeFi) aggregators may need full regulatory authorization. Under the incoming UK crypto regulatory framework, any application or platform whose underlying software actively makes decisions regarding customer transactions will be categorized as "arranging crypto deals," a legally licensed activity. [1, 2]

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#UKAlgorithmicCryptoTradingAppsMayNee
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