{"id":140306,"date":"2024-10-22T18:30:07","date_gmt":"2024-10-22T15:30:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140306"},"modified":"2024-10-22T16:16:00","modified_gmt":"2024-10-22T13:16:00","slug":"u-k-stands-firm-on-strict-crypto-regulations-amid-innovation-concerns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-k-stands-firm-on-strict-crypto-regulations-amid-innovation-concerns\/","title":{"rendered":"U.K. Stands Firm on Strict Crypto Regulations Amid Innovation Concerns"},"content":{"rendered":"

Val Smith, head of payments and digital assets at the FCA, emphasized<\/a> <\/strong>the importance of maintaining rigorous standards to protect consumers and the integrity of financial markets.<\/p>\n

She cautioned that lowering standards could jeopardize safety and allow illegal activities, such as terrorism financing.<\/p>\n

Smith acknowledged criticism regarding the low number of registered crypto firms but clarified that applications are evaluated carefully, not rejected arbitrarily.<\/p>\n