Financial Conduct Authority of UK Seeks to Help Bitcoin Businesses
The Financial Conduct Authority - a regulator in the United Kingdom - has made it clear they want to help the development of bitcoin businesses by having a regulatory environment that supports them. Martin Wheatley, who heads the Authority, spoke last week at Bloomberg London, announced 'Project Innovate'. Project Innovate is the Authority's latest initiative that helps support innovation in the financial industry, according to Coinsult. The idea is to have "an FCA that creates room for the brightest and most innovative companies to enter the sector." Wheatley reportedly reflected on these....
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The Financial Conduct Authority (FCA) has announced a new initiative that could help bitcoin businesses in the UK. The move could mark a shift in approach for the regulator, which has steered clear of digital currency until now. The FCA's hands-off approach has not had a negative effect on the UK's bitcoin companies, however. The nation remains one of the most attractive jurisdictions for bitcoin businesses, with the continent's biggest financial hub at its heart. Project Innovate is launched. The new fast-track initiative, Project Innovate, was announced by FCA Chief Executive Martin....
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