UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout

Summary

• Industry participants say the FCA's approach to preserving global liquidity and overseas-issued stablecoins shows promise.
• Uncertainty over international crypto firms and DeFi, coupled with a demanding authorization process, however, could prove a deterrent.
• Institutional adoption could however be given the required boost through the legal certainty that the…