UK Traders Ask the Government to Put Regulations on Cryptocurrency Market
British crypto traders are dissatisfied with the current situation on the financial market. They asked the government and the Financial Conduct Authority (FCA) to enact tougher rules for the trade of virtual coins and to certify crypto exchanges that show compliance.
According to reports, Iqbal V Gandham, chair of CryptoUK, said:
“Introducing a requirement for the FCA to regulate the “on-off” ramps between crypto and fiat currencies is well within the remit of HM Treasury. Based on our analysis, this could be achieved relatively easily, without the need for primary legislation, and would have a huge impact, both in reducing consumer risk and improving industry standards.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/uk-traders-ask-to-put-regulations-on-cryptocurrency-market/
