The United Kingdom's Financial Conduct Authority’s recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting.
“Our experience to date of [crypto] platforms, whether FTX or others, is that they are deliberately evasive, they are a method by which money laundering happens in size.” The incoming FCA chair’s comments are seemingly at odds with the regulatory body’s efforts to provide a fostering environment for the cryptocurrency industry in the United Kingdom.
Regulations are key for the growth of crypto & DeFi, but let's not forget about the potential for financial inclusion. Let's focus on how to make it work for everyone. Fintech Innovation
Regulation, regulation...