The UK’s FCA Says It Has Been Focused on the More Negative Side of the Crypto Debate

Speaking at the FT Digital Asset Summit, David Raw, FCA co-director of consumer and retail policy, said that while the U.K. Treasury was enamored with “the exciting opportunities” of attracting crypto firms, his agency was focused on the risks. “I think perhaps traditionally or perhaps a little too much the FCA has been on the other side,” he said. “Anything about corporate risks and market integrity risks to financial stability risks.”