Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), has presented the latest conclusions of the large-scale study launched by the British authorities to explore digital assets and the blockchain technology.

In his speech given at The Regulation of Cryptocurrencies event that took place in London this week, Woolard delivered the study’s findings and described the prospects of crypto assets regulation in the UK, including a possible ban on some crypto-based derivatives.

To better understand distributed ledger technology (DLT) and cryptocurrencies, many governments have created special taskforces assigned to find out the potential threats and benefits of digital assets in financial services as well as ways of their proper regulation.

In the UK, the Cryptoassets Taskforce was formed in March by representatives of the FCA, HM Treasury and the Bank of England. At the end of October the Taskforce published its final report, and now Wo…

This article appeared first on Cryptovest

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