RE: Yawnnnnn!!!5 Apr 2022 08:47
From a Financial Conduct Authority perspective, it remains to be seen whether wheels will move quickly on its cryptosprint, due to take place 10-11 May.
Historically, the regulation of cryptocurrencies has not fallen under the FCA's remit, though it does have oversight and ultimate authority over certain investment products that can grant investors exposure to them – including ETFs and derivatives. Last month, however, the regulator began its search for the head of a new crypto department.
"This two-day hybrid event will bring industry experts together to explore how the evolving world of cryptoassets could be regulated within the UK," the FCA said of the sprint.
"Participants will collaborate intensively on key issues relating to the development of cryptoasset regulation, and the findings from the exercise will help to inform future policy decisions."