UK Watchdog Concerned over Blockchain Bandits
FCA competition chief warns that regulators may face old problems with new technology.
Regulators are increasingly being challenged on how to prevent market abuse transferring into areas like blockchain and distributed-ledger technology (DLT), as the system begins to take hold in financial markets.
“This is not a question of us seeing necessarily new issues created by DLT,” said Chris Woolard, director of strategy and competition, and an executive board member at the UK’s Financial Conduct Authority (FCA). “It is more about existing issues that we see in other markets where there
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