FCA Resisted Political Push to Open UK Crypto Market Access

The FCA faced political pressure to rubber stamp dubious operators. A former FCA chair questioned how best to tackle “agency capture.” The UK’s crypto hub ambitions are well underway. The UK has been working to achieve its ambitious plan of becoming a global crypto hub, setting up several pro-crypto initiatives to attract investments to the burgeoning sector. However, as detailed by the former Financial Conduct Authority (FCA) chair Charles Randell, this eager political push to get ahead of rival jurisdictions has raised ethical considerations regarding bowing down to political pressure.   FCA Under Political Pressure Speaking to attendees at the

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