The UK’s Financial Conduct Authority calls for stricter regulations on crypto platforms: reports

UK calls for stricter regulations on crypto platforms

According to the Financial Times, Ashley Alder, the next chair of the UK’s Financial Conduct Authority, has called for stricter regulations on cryptocurrency platforms.

Alder reportedly made the comments during a speech to members of parliament, where he argued that such regulations are necessary because crypto companies are “deliberately evasive” and facilitate money laundering.

This comes after the FCA conducted anti-money laundering tests that disqualified 85% of the firms that applied.

It is expected that the UK Treasury will introduce regulations that protect consumers, limit foreign sellers, and restrict advertising for cryptocurrency products.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.