UK FCA banning crypto offerings outside licensed exchanges

[Cryptoist]

Just saw the new FCA proposals requiring all public token sales go through licensed exchanges only. This gonna kill innovation in UK or actually protect retail investors?

 

[Fjodor]

rip uk crypto scene. government killing innovation to protect idiots from themselves

 

[BTCat]

about time tbh. tired of seeing people lose life savings to obvious rugpulls

 

[goldkingcoiner]

imagine needing government permission to sell magic internet money lmaooo

 

[marshal]

ser this exactly why we need truly decentralized protocols. cant regulate math

 

[CryptoDada]

The proposals are comprehensive - full disclosure requirements, audit mandates, limiting retail access to high-risk tokens. Could prevent pump-and-dumps but compliance costs might eliminate smaller legitimate projects.

 

[hack3rcon]

Looking at technical requirements - mandatory smart contract audits, detailed tokenomics disclosure, ongoing reporting. Expensive for startups.

 

[>0-0<]

what does this actually mean for regular people buying crypto?

 

[Major]

what does this actually mean for regular people buying crypto?

Means you can only buy new tokens through big regulated exchanges no mre direct ICO purchases

 

[bittersweet]

I lost 3k to fake ICO in 2021. some oversight would have saved me from that

 

[X-trader]

@bittersweet but now only accredited investors can participate in early rounds. eliminates retail opportunity

 

[root777]

@bittersweet but now only accredited investors can participate in early rounds. eliminates retail opportunity

maybe thats good thing? most retail gets rekt in early stage anyway

 

[cryptonit]

so only rich people allowed to make money on new projects? sounds familiar

 

[junmisakiro]

uk government always over regulate everything... they scared of innovation

 

[sk8er]

my dad probably loves this. always said crypto was wild west that needed rules

 

[memehunter]

wonder how this affects existing tokens. are they grandfathered in?

 

[CryptoDada]

wonder how this affects existing tokens. are they grandfathered in?

Existing tokens appear unaffected, but any new fundraising would need compliance.

 

[Patronus]

this gonna push all innovation to crypto-friendly countries like switzerland

 

[Radius]

Working with some UK projects on compliance prep. Costs are prohibitive for anything under £5M raise.

 

[btcpunk]

@Radius so only big corporate projects gonna launch in uk?