UK: UK Regulatory Authority Moves for Clarification on Cryptocurrency Regulation

AMBCrypto

The Financial Conduct Authority [FCA], the primary financial regulator of the United Kingdom released a ‘consultation paper’ on 23 January titled, “Guidance on Cryptoassets,” which aims to clarify the picture of cryptocurrency regulation in the country. Public feedback will be welcomed by the FCA, to better gauge the regulatory requirements of the masses before their consultation phase closes on April 5, following which the regulatory authority will make a decision on the legal definition of cryptocurrencies.

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