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Proposed Regulatory Framework Of Crypto-Assets In The Uk: A Critical Analysis, Aurelio Gurrea-Martinez
Proposed Regulatory Framework Of Crypto-Assets In The Uk: A Critical Analysis, Aurelio Gurrea-Martinez
Research Collection Yong Pung How School Of Law
On 23 January 2019, the Financial Conduct Authority (FCA) issued a guidance on cryptoassets (FCA-GC) with the purpose of improving and clarifying the regulatory framework of cryptoassets in the United Kingdom. The FCA welcomes comments from the general public. In a response to this guidance, I seek to address two fundamental flaws that I have found in the FGC-GC: (i) the misleading classification of tokens proposed in the guidance; and (ii) the lack of protection of the purchaser of tokens and other stakeholders.