FCA makes way for new regulation with crypto consultation

Regulator says 'cryptoassets pose a range of substantial risks to consumers'

Mike Sheen
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The FCA report assessed the risks and potential benefits of cryptoassets
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The FCA report assessed the risks and potential benefits of cryptoassets

The Financial Conduct Authority (FCA) has begun the process of defining which cryptoassets it will be responsible for regulating by opening a consultation on the "small but growing market", which poses "substantial risks to consumers".

Cryptoassets, such as Bitcoin, have been driven into the regulatory spotlight by the market's high levels of volatility combined with unregulated marketing, creating potential consumer protection concerns....

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