FCA's Rathi announces new approach for firms amid calls for crypto clarity

Speech at Guildhall

clock • 2 min read
Nikhil Rathi, CEO of the FCA, spoke at Guildhall
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Nikhil Rathi, CEO of the FCA, spoke at Guildhall

Nikhil Rathi, CEO of the Financial Conduct Authority, has said “clear lines” are needed around crypto, while also launching an increased supervisory approach for newly authorised firms.

"We need clarity around ruling out future Financial Services Compensation Scheme (FSCS) coverage for investment losses from crypto, even when advised," he commented. "As we have consistently warned, if...

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