LONDON (Reuters) – It will take a great deal of careful thought to craft a regulatory regime for the decentralised world of cryptoassets, Britain’s Financial Conduct Authority said on Monday.
There appear to be two cases where regulators should have powers to take action: to reduce harm from cryptoasset promotions, and to stop contagion at authorised firms from unregulated activities in digital tokens, FCA Chair Charles Randell said in a speech.