UK Plans to Regulate Crypto Under “Tough” New Financial Services Law
The Financial Conduct Authority of the UK plans to regulate crypto under a “tough” new financial services law in order to “detoxify” crypto to protect consumers. Specifically, the country will implement those new regulatory standards in new financial services laws to be implemented this year.
Around 85% of crypto firms that applied for operation permission in the UK were denied due to the FCA compliance standards. Specifically, the regulator noted that some firms requesting permission were evasive, boasting conflicts of interest as well as a lack of safeguards.
Did you know? That you can clap up to 50x. By clapping up to 50x per person, you are helping the medium algorithm to spread the news about Kommunitas.
About Kommunitas
Kommunitas is a decentralized crowdfunding ecosystem for web3.0 projects. Some might refer to it as a “launchpad” or “IDO Platform” but Kommunitas is aiming to build not only a platform, but more of an ecosystem.
Kommunitas not only provides fundraising for any type web3.0 projects from various blockchains (Ethereum, BSC, Polygon, Solana, Avax, Fantom, etc), but also other forms of support, such as Marketing, Community Management, KOL, VC Connections, SEO and even project development needs such as vesting portal and staking platform.
Since its inception, Kommunitas has introduced and pioneered of many interesting concepts in the web3.0 industry. Some of them are Initial KOMmunity Offering / IKO (tierless, no barrier and decentralized IDO) and Social Engagement Burning (a way of rewarding the community by reducing the circulation supply of the token based on engagement metrics across social media)
Not only investors will get capital gains from their investment of Public sale tokens, they are also presented with the opportunity to earn passive Revenue Sharing in Stable Coins as well as in KOM tokens by holding and staking KOM tokens. (Read more about Revenue Sharing here: https://docs.kommunitas.net/staking/quarterly-revenue-sharing)
