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The FCA of the United Kingdom argues that its strict regulations on crypto are essential to protect consumers and the financial system, responding to criticisms that accuse them of stifling innovation and hindering the country’s global competitiveness.
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Innovation and security: the delicate balance of the new FCA crypto regulations in the UK
As anticipated, the Financial Conduct Authority (FCA), the financial supervisory authority of the United Kingdom, has recently defended its strict approach to the regulation of the crypto sector.
In a context where the cryptocurrency market continues to expand and attract investors, the FCA finds itself balancing consumer protection with the need to promote technological innovation.
However, his rigorous approach has been the subject of criticism. Specifically, some argue that these high standards are limiting the United Kingdom’s ability to become a global leader in the bull and bear financial sector of cryptocurrencies.
In a post published on October 21, 2024, on the…
