‘We want to get it right’
The Financial Conduct Authority, the U.K.’s financial regulator, has published proposals to regulate the crypto market for the first time, according to the Financial Times. Included in the proposal are rules around listing digital assets and restrictions on capital requirements and insider trading. No longer included is a ban on cryptoasset trading platforms offering their own tokens, a regulation from another FCA proposal earlier in the year.
David Geale, FCA executive director for payments and digital finance, spoke to the Times about the proposal. He’s hoping the industry will be a place “where innovation can thrive, but where people understand the risks. Regulation cannot — and should not — remove all risk. Instead, it…
