The Financial Conduct Authority (FCA) published its second research note 30 June 2020. The FCA research note concludes: A rising number of UK consumers is holding digital assets.
In the UK, the FCA is the conduct regulator for 59,000 financial service firms and markets. As such, it supervises 49,000 firms. The organization commits to fostering debates on financial regulation and setting standards. In addition, it publishes research results to underpin decision-making. As part of the UK Cryptoassets Taskforce, the FCA works with the Bank of England and the British government.
Back in 2018, the FCA carried out work on crypto assets, both as part of a broader UK Cryptoasset Taskforce and independently. They published this consultation paper as the next step in the FCA’s work on cryptoassets. It sets out details on where different types of cryptoassets might fall in the regulatory perimeter.
