The United Kingdom’s financial watchdog said it will improve its market monitoring abilities and develop advanced analytics systems.
The U.K.'s Financial Conduct Authority (FCA) will focus on increasing its capabilities in detecting and pursuing market abuse in the crypto sector and assisting in delivering a proportionate market abuse regime for the asset class in the next 12 months.
In its plans for 2024 to 2025, the FCA listed tightening its measures against crypto market abuse as one of its goals. The regulator will improve monitoring and intervention systems to cover market abuse and integrity.
The financial watchdog also said it will develop advanced analytics capabilities, including network analysis and cross-asset class visualizations.
