đŹđ§ The UK has no plans to ease cryptocurrency regulation
The community has criticized the UK's Financial Conduct Authority (FCA), claiming that strict regulations on the crypto industry could stifle innovation.
đŁ Val Smith, head of payments and digital assets at the FCA, emphasized that high standards are necessary to protect consumers and maintain the integrity of financial markets.
Smith noted that weakening requirements would pose risks to people and markets, and innovations built on shaky foundations could quickly collapse.
