CryptoUK, a self-regulatory organization for companies involved with cryptocurrencies, whose members include Coinbase, CEX.IO, CoinFloor and others, has allegedly contacted several Members of Parliament (MPs) with a proposal to implement regulation in the sphere.
The request is for the financial Conduct Authority (FCA) to start overseeing what we have frequently called “entry level” companies – exchanges accepting fiat currencies payments for the purchase of cryprocurrencies. According to the proposal, this should be done under the existing peer-to-peer finance legislation and not the rules applies for financial market intermediaries.
The request is for the financial Conduct Authority (FCA) to start overseeing what we have frequently called “entry level” companies – exchanges accepting fiat currencies payments for the purchase of cryprocurrencies. According to the proposal, this should be done under the existing peer-to-peer finance legislation and not the rules applies for financial market intermediaries.