UK Financial Regulator Vows to Give Blockchain 'Space' to Grow
The UK Financial Conduct Authority (FCA) has said it does not plan to regulate the blockchain industry for now as it believes the technology will need “space” to grow. The news was delivered yesterday in a speech by Christopher Woolard, the FCA's director of strategy and competition, who took a focus on innovation at the start of London London Fintech Week. Describing innovation as an “iterative process”, Woolard said that it is “crucial” that innovators are given space to develop their solutions. He further framed the development of distributed ledger technology as a potential revolution....
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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to be authorized or registered by us,” said the regulator.
FCA Warns About FTX Operating Without Authorization
The U.K. Financial Conduct Authority (FCA) published a warning on its website Friday regarding crypto exchange FTX. The regulator detailed:
We believe this firm....