FCA's Pritchard: We need open debate about crypto risks

Sarah Pritchard

clock • 2 min read

The Financial Conduct Authority has called for “an open debate about risk, mitigation and the limits of regulation” for cryptocurrency.

At an event in London today (25 April), Sarah Pritchard, executive director of markets and international at the FCA, honed in on the risks of the rise of crypto, and pointed to the failure of FTX in November 2022 as a warning of the dangers. She said: "The take up of crypto is on the rise year-on-year. That means more consumers need protecting from the potential harms. And with more consumers and investors piling in, the risks also grow exponentially in our interconnected systems. "That is why things have to change. As crypto matures as an industry, so must the firms that offer it and...

To continue reading this article...

Join Investment Week for free

  • 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

Join now


Already an Investment Week