FCA shows way forward for future crypto regulation | Article

Britain’s financial regulator has proposed a set of rules to regulate the growing crypto industry after recognizing that consumers are interested in exploring the market despite persistent warnings about price volatility, high risk of losses and investment scams.

The Financial Conduct Authority (FCA) has been under pressure to find a way to strike a balance between promoting cryptoassets and controlling them and has tried to find an acceptable way to make crypto a safe investment for consumers and investors without stifling innovation.