City watchdog is honing in on crypto startups

City watchdog is honing in on crypto startups

The UK’s Financial Conduct Authority (FCA), which is considering a ban on certain cryptocurrency assets, is asking “a lot more questions” of crypto and blockchain startups, according to the head of regulation at a top crypto exchange. The FCA has become a “very risk-averse regulator”, according to Nicholas du Cros of CoinShares.