The year 2025 has cemented a global theme of regulatory maturity, with leading financial hubs introducing clearer frameworks to support innovation in digital assets and private markets while protecting investors.In the UK, the Financial Conduct Authority (FCA) gave its approval to the London Stock Exchange (LSE) to operate the first Private Intermittent Securities and Capital Exchange System (PISCES) platform. This marks a new type of regulated private stock market, designed to facilitate intermittent tradi ...