The nation’s monetary regulator, the FCA at present has powers to make sure crypto firms register and adjust to anti-money laundering guidelines, but it surely does not have the flexibility to guard customers from any losses they may endure. Whereas the Monetary Providers and Markets Invoice that’s at present underneath debate in parliament and is anticipated to turn into regulation in April will give the FCA extra energy to manage crypto, client loss safety gained’t be included.
UK’s FCA Can’t Shield Crypto Buyers From Losses, Says Company’s CEO
