U.K. crypto regulators are trying to combine traditional finance with an understanding of the market's nuances, FCA's Matthew Long said.
The United Kingdom’s FCA has been combining different approaches to regulating the crypto market to see which one would work best.), financial authorities in the United Kingdom aim to take the best of traditional finance and decentralized finance , according to an executive at the Financial Conduct Authority .
“What we’re trying to do is take the best of traditional finance and understand the nuance of the system that we've got,” Long said at a panel discussion at the FT Crypto and Digital Assets Summit on May 8. “But we must and we absolutely must respond to the differences in cross border globalization otherwise. So to be frank, it's a bit of both.”
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