Nick Barnard comments on FCA challenge in addressing crypto-assets and other financial sales from abroad

Partner Nick Barnard, is quoted in Law360.

The FCA faces a particular challenge in addressing crypto-assets and other financial sales from abroad. Its regulatory reach covers such activity that have an impact in the U.K., but its investigation and enforcement powers are limited to these shores.

“As such, the FCA is at a disadvantage in a world where the internet has made national borders increasingly obsolete for financial services,” Nick Barnard, a partner at Corker Binning, said. “This is more so for crypto-assets which are not only borderless, but mostly lack any central organization or authority from which regulators can seek assistance.”

You can read the full article in Law360.