According to CoinDesk, the UK's Financial Conduct Authority (FCA) plans to deliver a market abuse regime for crypto assets this year. The regime would apply to anyone committing market abuse on a crypto asset trading on a UK exchange, regardless of their location. This move is part of the FCA's business strategy to protect consumers, ensure market integrity, and facilitate international competitiveness. Last year, the UK government issued a consultation that included plans for a market abuse regime for crypto assets. The proposed regime would require crypto exchanges to detect and disrupt market abuse behaviors. The FCA is the main crypto regulator in the country and has already implemented a promotions regime for crypto, which includes requirements like adding risk warnings and a 24-hour cooling-off period for first-time buyers. The FCA has also been consulting on a regime for stablecoins. In its strategy for 2024 to 2025, the FCA intends to recover £6.2 million ($7.9 million) of costs for the new regulation of stablecoins and wider regime, and £200,000 for extending the financial promotions perimeter. However, the FCA has not yet detailed how it plans to achieve this.