A recent report by a UK parliamentary group has criticized the Financial Conduct Authority (FCA), labeling it 'incompetent' in its regulatory role. The report highlights significant shortcomings in the FCA's oversight of the financial markets, prompting MPs to demand improvements. In parallel, the UK government is advancing its plans for digital asset adoption, with the Economic Secretary outlining ambitious strategies for the integration of digital currencies. The FCA is also preparing to implement new regulations for cryptocurrency exchanges, aiming for full enforcement by the end of 2025. As public awareness of cryptocurrencies rises to 93%, the FCA's roadmap for crypto regulations is under scrutiny, with expectations for enhanced regulatory frameworks to support the burgeoning market.