FCA Oversight

Definition ∞ FCA Oversight refers to the regulatory supervision exercised by the Financial Conduct Authority (FCA) over financial firms and markets within the United Kingdom. The FCA is responsible for consumer protection, market integrity, and promoting competition. Its purview extends to certain activities involving digital assets and cryptocurrency businesses operating in the UK. This authority sets compliance standards for financial entities.
Context ∞ The FCA is actively developing its approach to regulating the crypto sector, focusing on anti-money laundering (AML) compliance, consumer protection, and stablecoin regulation. Its guidance and enforcement actions significantly shape the operational landscape for crypto firms in the UK. News frequently covers the FCA’s updates on digital asset classifications and licensing requirements for market participants.