CryptoSlate
Public records contradict the $18B figure attached to Solana liquidation activity during the crypto crash, leaving a gap between the claim and verifiable market data.
Separately, the FCA has finalized UK crypto rules with a 2027 access deadline. Exchanges, custodians and stablecoin firms must decide whether UK access justifies a full FSMA authorisation process, even if they already hold AML registration.
Frequently asked questions
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What does the disputed $18B figure relate to?
It relates to Solana liquidation activity during the crypto crash.
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Why is the Solana liquidation estimate under scrutiny?
Public records contradict the $18B figure, leaving a gap between the claim and verifiable market data.
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What deadline does the FCA's finalized regime set?
It sets a 2027 access deadline for exchanges, custodians and stablecoin firms deciding whether UK access justifies full FSMA authorisation.
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Which firms face the FCA's UK access decision?
Exchanges, custodians and stablecoin firms must decide whether UK access justifies a full FSMA authorisation process.
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Can AML registration substitute for FSMA authorisation?
No. AML registration does not remove the decision over whether to pursue a full FSMA authorisation process.
Benjamin Cowen
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