News Formal

FCA crypto regulators will take the best from TradFi and DeFi, says exec

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business Business Headlines News

U.K. crypto regulators are trying to combine traditional finance with an understanding of the market's nuances, FCA's Matthew Long said.

The United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would work best.), financial authorities in the United Kingdom aim to take the best of traditional finance and decentralized finance , according to an executive at the Financial Conduct Authority .

“What we’re trying to do is take the best of traditional finance and understand the nuance of the system that we've got,” Long said at a panel discussion at the FT Crypto and Digital Assets Summit on May 8. “But we must and we absolutely must respond to the differences in cross border globalization otherwise. So to be frank, it's a bit of both.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi Project Plans to Open Up a Huge Market With its New DeFi Debit CardCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory ApprovalKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Protecting Crypto Users Is More Important Than Faster UK Registration: FCA ExecutiveCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Source: CoinDesk - 🏆 291. / 63 Read more »