The Financial Conduct Authority (FCA) has this morning published tough new rules on the marketing of cryptoassets, required to protect UK consumers by clarifying the risk of investing in digital assets. The new rules on marketing cryptoassets follow extensive FCA research provided to the Government for the consultation on the ‘Future Regulatory Regime for Cryptoassets’. From 8 October 2023, firms …
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Opinion split on Commons Treasury assessment to “treat Crypto like Gambling”
The House of Commons Treasury Committee has recommended “treating retail investment in cryptocurrencies like gambling”, due to the high volatility of value changes of cryptoassets and potential for consumers to lose their entire investment. The recommendation forms part of the Committee’s report evaluating the “potential benefits of cryptoassets and their underlying technology value, and the risk of investment in cryptoassets”. …
Read More »Parliament forms research group on crypto and digital assets policy
Parliament has established ‘The Crypto and Digital Assets Group‘ to examine the policy and regulation of the Crypto sector within UK business. The cross-party group will be chaired by SNP member Lisa Cameron (MP for East Kilbride) that will serve as a forum for parliamentarians to be informed and debate on innovations, policy and the future challenges brought by the …
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