Ali_Haider78

Nish Patel, UK director at Binance, believes the UK is nearing a comprehensive crypto framework that will benefit both retail and professional investors. Having previously worked at the Financial Conduct Authority (FCA) as its first in-house crypto-asset specialist, Patel expects the new regulations to provide clarity and reset the balance for investors.
Key Points:
- UK Crypto Regulation: Patel anticipates a "UK version of MiCA" within the next 12 months, which will regulate crypto lending and other areas not covered by the EU's MiCA.
- Institutional Appetite: Professional investors will have more access to crypto products and services, while retail investors will face stricter marketing limits and consumer protections.
- New Products: Binance is positioning itself to offer more products to professional investors, with retail access to follow once the new regime is in place.
- Staking: The UK has already clarified staking regulations, exempting it from the Collective Investment Schemes Order, allowing broader availability of staking services to professionals.
- Binance's Approach: Patel emphasizes a "license-first" approach, prioritizing compliance with clear regulations and working closely with the FCA ¹.