Britain's Labour government has committed to making the country an accommodative environment for businesses engaged in crypto and blockchain-related activities.
Crypto industry insiders had worried such a treatment would have created burdensome regulatory requirements.
The FCA also published a roadmap detailing its plan to implement regulation for the crypto industry.
As the FCA tries to figure out how to develop and implement a regulatory crypto framework, experts are hoping it will encourage and foster innovation — not stifle it.
Irfan Baluch, a crypto lawyer at Cripps, said he hopes the U.K. takes inspiration from the EU, which has already taken a "leading position" on crypto regulation with MiCA.
Persons:
Donald Trump, Tulip Siddiq, Poppy Gustafsson, Crypto, Gustafsson, Steven Bartlett, Bartlett, America Tom Duff Gordon, Gary Gensler, Gensler, Coinbase's Gordon, Gordon, Coinbase's, Faryar Shirzad, George McDonaugh, KR1, Time's, McDonaugh, Irfan Baluch, Cripps, Baluch
Organizations:
Chesnot, Getty, Britain's Labour, Economic, U.K, Digital Securities, San, Authority, America, CNBC, Republican, Securities, Exchange, SEC, Acquis Stock Exchange, London Stock Exchange, FCA
Locations:
Paris, France, Britain, British, San Francisco, London, U.S, EU, Crypto, United States