Of Counsel, Nick Barnard has written for Thomson Reuters Regulatory Intelligence on the new UK regulation of the crypto-asset industry.
As part of the article, Nick discusses how it’s hoped that as well as encouraging financial crime compliance overall, the intent will be to steer consumers and investors toward those crypto-assets regarded as less risky to the UK’s financial systems and of greater economic benefit.
“What is likely to happen, or so the UK authorities hope, is that the proposed changes draw a prominent line in the sand between those crypto-assets services providers which are, and those which are not, regulated in the UK.”
Read the full article on Thomson Reuters Regulatory Intelligence. Please note, you will need a subscription to access the content.