The Financial Conduct Authority (FCA), an autonomous financial watchdog in the U.K, has started consulting on guidance related to virtual currencies, as per official release.
The financial regulatory body plans to provide companies with significant clarity and understanding associated with crypto operations to guarantee that these entities abide by regulations and protect users. The consultation is a reaction to several requests originating from both the financial industry and HM Treasury’s Crypto Taskforce seeking more guidance.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/uk-fca-consults-on-cryptoasset-regulations/
