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- UK to Regulate Cryptocurrency Market by 2026
UK to Regulate Cryptocurrency Market by 2026
News on the Blockchain
November 27, 2024
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 762
Market Cap: $3.22T (+0.50%)
24h Volume: $214.85B (-11.96%)
Bitcoin Dominance: 57.33% (-0.37%)
Ethereum Dominance: 12.75%
ETH Gas Price: $3.13
Fear & Greed Index: 81 (Extreme Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $93,403.68 | -0.25% | $1.85T | $85.27B |
Ethereum (ETH) | $3,413.85 | +1.52% | $411.15B | $39.58B |
Tether (USDT) | $0.9999 | -0.08% | $132.67B | $172.47B |
BNB (BNB) | $619.97 | -1.50% | $89.28B | $2.49B |
Solana (SOL) | $233.49 | -0.29% | $110.86B | $6.66B |
💹 Market Highlights:
Total DeFi Volume: $13.53B (6.30% of total 24h volume)
Stablecoins Volume: $198.02B (92.16% of total 24h volume)
Coin with highest % change: EVAN (+57.33%)
📈 Preview On Today’s News:
- UK to Regulate Cryptocurrency Market by 2026
- Morocco Moving Towards Crypto Legalization and Potential CBDC Launch
- Brazil Congressman Proposes Bitcoin Reserve to Strengthen National Economy
Keep reading for more!
Today’s News:
1)
UK to Regulate Cryptocurrency Market by 2026
The UK’s Financial Conduct Authority (FCA) has confirmed plans to regulate the cryptocurrency market by 2026 due to a significant rise in digital asset ownership, which grew by 4% in two years. As part of this initiative, the FCA will publish a roadmap, along with research papers on stablecoins, staking, and trading platforms by the end of 2025, while also focusing on market abuse and disclosures. The UK will become the first European Union country to regulate the crypto market, setting a potential precedent for other nations.
The UK’s Financial Conduct Authority (FCA) plans to regulate the cryptocurrency market by 2026, following a 4% rise in digital asset ownership.
The FCA will release a roadmap and research papers on crypto-related topics, positioning the UK as the first EU country to regulate the market.
2)
Morocco Moving Towards Crypto Legalization and Potential CBDC Launch
Morocco is preparing to officially legalize cryptocurrency after previously banning crypto-related activities. The country is drafting a law to regulate crypto assets and exploring the potential launch of a Central Bank Digital Currency (CBDC) to promote financial inclusion. This shift reflects Morocco's growing interest in embracing cryptocurrencies and aligning with global trends in the crypto space.
Morocco is working on a draft law to regulate cryptocurrency, signaling a shift from its previous ban on crypto activities.
The country is also exploring the launch of a Central Bank Digital Currency (CBDC) to enhance financial inclusion.
3)
Brazil Congressman Proposes Bitcoin Reserve to Strengthen National Economy
A Brazilian congressman, Eros Biondini, has introduced a bill to create a national Bitcoin reserve, the Bitcoin Sovereign Strategic Reserve (RESBit), aimed at diversifying the country's Treasury and positioning Brazil as a leader in the digital economy. The proposal outlines gradual acquisitions of Bitcoin, up to 5% of Brazil’s national reserves, with the Central Bank responsible for management. This move aligns with Brazil's increasing cryptocurrency presence, being the 10th largest crypto market globally, and its role in the BRICS bloc's push for digital currency integration.
Brazilian Congressman Eros Biondini has proposed creating a national Bitcoin reserve (RESBit) to diversify the Treasury, with gradual Bitcoin acquisitions up to 5% of national reserves.
This proposal reflects Brazil's growing role in the global crypto market and its efforts to lead digital finance innovation within the BRICS bloc.
