UK Financial Regulator To Release Crypto Review This Year

The United Kingdom’s Financial Conduct Authority (FCA) will be publishing a review of cryptocurrencies this year in conjunction with the Treasury of the UK and the Bank of England (BoE), according to the FCA’s business plan for 2018/2019.

At the end of March, the Treasury of the UK had announced the creation of a cryptocurrency task force with the BoE and the FCA to look into how to both regulate and support crypto technologies.
The FCA had also reported the release of a global fintech regulatory sandbox for testing fintech innovation without needing to wait for regulatory approval.

Under a section entitled “Cross-sector priorities,” the FCA details in their business plan how they plan to approach the speed with which fintech innovation is driving change in markets.

Reference: https://cointelegraph.com/news/uk-financial-regulator-to-release-crypto-review-this-year-with-boe-and-treasury

Share this: