ICO/ Cryptocurrency Regulation Series (4), 09 May 2018

The Financial Conduct Authority (FCA) is currently working with the Bank of England and also the UK Treasury on a discussion paper to monitor cryptocurrency activities. They will reveal its guidelines on cryptocurrency policy in the coming few months. This may result in global repercussion for how virtual currencies, such as Bitcoin, Ripple etc, are regulated. 

Read more at:
Cryptocurrency: UK Regulator focuses on Bitcoin Policy
https://www.independent.co.uk/life-style/gadgets-and-tech/news/cryptocurrency-bitcoin-regulation-fca-price-updates-market-a8296411.html

Ripple has recently urged the regulators in the UK to follow the example of Japan to ramp up the rules and acting to corral the untamed cryptocurrency market. The head of regulatory relations of Ripple, Ryan Zagone, requested the government to find the sweet spot between “capturing risk and enabling innovation”, while specifying three “pillars” for lawmakers to focus their regulations on, which are consumer protection, anti-money laundering, and financial stability.

Read more at:
Ripple likes regulation, requests more from the UK
https://www.independent.co.uk/life-style/gadgets-and-tech/news/cryptocurrency-bitcoin-regulation-fca-price-updates-market-a8296411.html

Leave a Comment

Your email address will not be published. Required fields are marked *