Remarkable Clarifications About Crypto From FCA Administrator!

Sarah Pritchard, one of the directors of the British government’s Financial Conduct Authority, told local media the other day. to cryptocurrencies made remarkable statements.

Executive Director Pritchard said that cryptocurrencies were advocated by minorities in the first period. “an anti-state digital entity” He emphasized that although he played a role as a

Pritchard claims that despite the widespread adoption, a small number of people know what cryptocurrencies are and the underlying technology. FCA executive, as a result of increasing crypto investments, governments “to what extent the regulation will be” He said he was discussing the issue.

According to the British government official, in America at the end of last year FTX The bankruptcy process of the stock market played an instructive role for institutions.

Sarah Pritchard, referring to the fact that they detected unlawful business around FTX a week before the bankruptcy and issued a warning letter, said:

“The majority of cryptocurrency investors do not know what kind of risks they face. We warned everyone by revealing the unauthorized transactions of the FTX exchange in our country a week before the bankruptcy.”

“Crypto Industry Should Mature”

Finally, the FCA executive emphasized that they do not ignore the benefits of crypto. He stated that although blockchain technology makes transfer transactions quickly and cheaply, the industry still has a long way to go in terms of maturation.