
Crypto exchanges a cause of concern for the regulator
Around 90% of applications from crypto exchanges in the UK are either "withdrawn or refused", FCA chief executive Nikhil Rathi said on Wednesday (8 December), as he argued that some crypto assets have "no intrinsic value" at all.
Speaking before the Treasury Select Committee, Rathi said: "We see a serious link to money laundering and serious organised crime being propagated through crypto exchanges and a culture in many of those...
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes