The UK's Financial Conduct Authority (FCA) has implemented a regulatory framework that categorizes Bitcoin alongside meme coins and NFTs. This approach has sparked criticism from industry experts who argue that Bitcoin, as a leading cryptocurrency, should not be treated the same as more speculative digital assets. The FCA's one-size-fits-all policy is seen as overly simplistic, potentially stifling innovation and misrepresenting the distinct nature of Bitcoin compared to other digital tokens.