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UK Financial Regulator FCA Won’t Regulate Bitcoin and Ether

Published 07/31/2019, 02:34 PM
Updated 07/31/2019, 02:41 PM
© Reuters.  UK Financial Regulator FCA Won’t Regulate Bitcoin and Ether
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Major British regulator, the Financial Conduct Authority (FCA), will not regulate Bitcoin (BTC) as a part of its recent guidance on crypto assets.

On July 31, the FCA issued its finalized policy statement on cryptocurrencies in a document titled “PS19/22: Guidance on Cryptoassets.” The document represents an updated version of a consultation paper on crypto assets that was first released for public comment in January 2019, and intends to bring more regulatory clarity to the existing types of digital assets.

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