According to the source, a UK white-collar fraudster has been jailed after converting approximately $650,000 in company funds into cryptocurrency, with no specific tokens disclosed. source: the source The case underscores the UK's continued focus on crypto-linked economic crime, supported by expanded asset seizure powers under the Economic Crime and Corporate Transparency Act 2023. source: UK Home Office For traders, the FCA’s cryptoasset financial promotions regime requires risk warnings, client categorization, and a cooling-off period for UK retail users, which can add onboarding friction at UK-facing exchanges. source: UK Financial Conduct Authority HM Treasury’s plan for a comprehensive cryptoasset regulatory regime will bring exchanges and custodians into a FSMA-style framework, signaling sustained compliance tightening that can affect GBP on- and off-ramp processes. source: HM Treasury No immediate market-wide price impact was cited in the source, so near-term focus should be on operational risks such as exchange compliance notices and potential delays in GBP deposits and withdrawals. source: the source and UK Financial Conduct Authority