UK regulator hosts CryptoSprint in support of innovative crypto regulation

What 

The Financial Conduct Authority (FCA), the UK’s financial regulator, hosted a “CryptoSprint” earlier in May with 100 crypto roleplayers in attendance

Why 

The regulator explained it is part of a process to foster innovation and introduce balanced regulation to the UK cryptocurrency sector

What next 

It paves the way for a collaborative approach between the regulator and companies in the space 

The story 

About 100 roleplayers and experts from the crypto industry, financial services firms and academia collaborated at the event to help shape the future regulation of cryptocurrency in the UK.

“In our three-year strategy, we commit to preparing financial services for the future by tailoring our rules to better suit UK markets in a global context,” the FCA said. “While we are working closely with international partners, our CryptoSprint provided an opportunity to explore what the UK policy solutions may be for this sector.”

Attendees organised problem statements and dissected the issues before presenting possible solutions to the FCA. 

“This is the first time we have gathered views from industry and other stakeholders to help shape future policy in this innovative and adaptive way,” the FCA explained.

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