💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
The UK FCA plans to exempt some encryption companies from TradFi regulations.
According to news from Hashi Chain, the UK's Financial Conduct Authority (FCA) plans to include cryptocurrency asset companies in a comprehensive regulatory framework starting next year, but some TradFi rules will be exempted. The FCA stated that directly applying existing financial regulations is difficult to adapt to the characteristics of the encryption industry and will adjust regulatory measures based on risk. Cryptocurrency platforms will not be subject to core principles such as "honest operation" and "customer interests first," and there will be no requirement to provide customers with a cooling-off period or right of cancellation. At the same time, the FCA plans to strengthen the management of operational risks such as cyber attacks and solicit opinions on whether to include consumer protection obligations.
#FCA Cryptocurrency #Blockchain Regulation #FinancialConductAuthority