Bitcoin (BTC) and to cryptocurrencies UK Financial Conduct Authority, known for its tough stance on (FCA) wants to introduce stricter cryptocurrency regulations.
According to the Financial Times report, UK Financial Conduct AuthorityAshley Alder, the new president of , has called for stricter crypto regulations, noting that companies in the industry allow money laundering.
FT, speaking to the Treasury selection committee Ashley Alderwrote that:
“I think cryptocurrencies need more regulation.
Our experience with cryptocurrency platforms in the industry, whether FTX or others, has shown us that companies are deliberately evasive, allowing and facilitating money laundering.
This behavior of companies creates a great deal of undesirable risk.”
Acknowledging the perception that the FCA is not providing adequate protection for consumers, he also complains about long-standing problems with operational efficiency, Alder said that he will work hard on these issues.
in January FCA He added that he plans to move to the UK for the presidency and that he will formally devote more than two to three days for these tasks after he takes office as president.
in England cryptocurrencyPlanned regulations for businesses will include greater consumer protection, restrictions on foreign vendors, restricting product advertising, and rules that will apply if companies fail.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!