FCA to provide guidance on cryptoassets regulation – Jill Lorimer quoted

Jill Lorimer, partner in Kingsley Napley's Criminal Litigation team, was widely quoted in articles relating to the FCA issuing its consultation paper on the regulation of cryptoassets.  She said:

"[The guidance] will be warmly welcomed by firms who are currently operating in this space, or who seek to do so.  A clear regulatory framework is absolutely essential to the UK maintaining its position as one of the most attractive destinations for cryptoasset innovation.  It will give investors much-needed comfort and help to attract more interest in the sector. In effect regulation will help crypto come of age.  Greater rules to govern this area of business will help to further legitimise and grow the industry at a time which must be very welcome to the UK financial services sector."

To view the articles, please click on the links below:

• City AM, City watchdog says UK firms need 'clarity' on cryptoassets, 23 January 2019 
• Financial News, FCA takes first steps towards crypto regulation, 23 January 2019
• Professional Adviser, FCA makes way for new regulation with crypto consultation, 23 January 2019