The Financial Conduct Authority has published feedback to its discussion paper (DP 17/03) on distributed ledger technology. The FCA strikes a careful balance between innovation and regulation, and flags key legal and regulatory risks in relation to digital currencies, smart contracts and ICOs.
Key areas include:
- Digital currencies
- Initial Coin Offerings (ICOs)
- Smart Contracts and digital assets
- Financial crime
- Operational risk
- Other regulatory considerations
Read our debrief on the FCA's Feedback Statement on Distributed Ledger Technology.