The U.K.’s financial regulator has proposed a set of rules to regulate the growing crypto industry after recognising that consumers are interested in exploring the market despite persistent warnings about price volatility, the high-risk of losses, and investment scams.
The Financial Conduct Authority (FCA) has been under pressure to find a way of striking a balance between promoting cryptoassets while policing them and has tried to find an acceptable way of making crypto a safe investment for consumers and investors while not stifling innovation.
