Topic: [2019-01-28]The UK FCA Consults on Cryptoasset Regulations, Publishes New Crypto (Read 145 times)
February 01, 2019, 12:36:51 PM
When they start to regulate it means crypto is here to stay. The UK system is very thorough and slow, they wouldn't waste time and money if they didn't think it was worth while. This is actually good news
January 28, 2019, 03:41:37 PM
The Financial Conduct Authority (FCA), an autonomous financial watchdog in the U.K, has started consulting on guidance related to virtual currencies, as per official release.
The financial regulatory body plans to provide companies with significant clarity and understanding associated with crypto operations to guarantee that these entities abide by regulations and protect users. The consultation is a reaction to several requests originating from both the financial industry and HM Treasury’s Crypto Taskforce seeking more guidance.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-fca-consults-on-cryptoasset-regulations/
The financial regulatory body plans to provide companies with significant clarity and understanding associated with crypto operations to guarantee that these entities abide by regulations and protect users. The consultation is a reaction to several requests originating from both the financial industry and HM Treasury’s Crypto Taskforce seeking more guidance.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-fca-consults-on-cryptoasset-regulations/
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