Crypto prices drop eases the pressure on UK regulators

Hello! I’m Alice Amber. You’re watching Crypto market news. Crypto bear market has eased the pressure
on Britain’s financial watchdog to introduce hasty new rules for the sector, Reuters reported. The U.K.’s Financial Conduct Authority had
been pressed to expedite new regulation for the rapidly growing crypto space. Now that the market has settled, government
officials indicate they will be taking more time to fine-tune the balance between investor
protection and fostering financial innovation. The Financial Conduct Authority will consult
by the end of 2018 to “clarify which crypto assets fall within existing regulatory perimeter,
and those crypto assets that fall outside”. You’ve been watching Crypto Market News. Subscribe to our channel and don’t forget
to click the bell not to miss the most important news and trends of Crypto. I’m Alice Amber. Goodbye.

Leave a Reply

Your email address will not be published. Required fields are marked *