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Ashley Alder, who will becomeChairman of the UK financial regulator, FCA, believes that the turmoil in the cryptocurrency market indicates the need for stricter regulation of the sphere.
According to the Financial Times, AshleyAshley Alder appealed to members of parliament demanding stricter requirements for cryptocurrency platforms. According to the official, often cryptocurrency firms “deliberately evade” compliance with British laws. In addition, in his opinion, such companies have become “a method of money laundering on a large scale.”
As an argument, the future chairman of the FCAnoted that currently about 85% of firms working with digital assets that have applied for registration with the FCA have failed tests for compliance with anti-money laundering requirements.
After the collapse of the Terra ecosystem and bankruptcycryptocurrency exchange FTX in political circles in the UK there is a noticeable desire to tighten regulation of the sphere. For example, it was recently reported that the work of cryptocurrency firms with foreign registration may be prohibited in the Foggy Albion. Apparently, the future chairman of the British regulator adheres to the same strategy.
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