A PYMNTS Company

UK: Regulators plan “Comprehensive Response” to crypto use

By  |  November 25, 2018
UK: Regulators plan “Comprehensive Response” to crypto use

Christopher Woolard of the UK’s Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In response to the dramatic increase of crypto adoption in recent years, Woolard stated that the FCA has sought to facilitate collaboration between itself and Her Majesty’s Treasury (HMT) and the Bank of England to examine the impact of cryptocurrencies and distributed ledger technology with regard to “consumers […] market integrity, and the risk of financial crime.”.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Woolard stated, “The FCA, HM Treasury and the Bank of England are each taking a number of steps over the coming months to address these harms and to encourage future beneficial innovation.”

    Full Content: Crowdfund Insider
    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.