教授，博士生導(dǎo)師。復(fù)旦大學(xué)中國反洗錢研究中心首任主任，復(fù)旦大學(xué)俄...
復(fù)旦大學(xué)國際金融學(xué)院教授，中國反洗錢研究中心執(zhí)行主任，陸家嘴金...
復(fù)旦大學(xué)法學(xué)院教授、博士生導(dǎo)師；復(fù)旦大學(xué)國際刑法研究中心主任。...
華東政法大學(xué)刑法學(xué)教授，復(fù)旦大學(xué)中國反洗錢研究中心特聘研究員，荷...
安永金融服務(wù)風(fēng)險(xiǎn)管理、咨詢總監(jiān)，曾任螞蟻金服反洗錢總監(jiān)，復(fù)旦大學(xué)...
周錦賢先生，香港人，廣州暨南大學(xué)法律學(xué)士，復(fù)旦大學(xué)中國反洗錢研究中...
高級(jí)經(jīng)濟(jì)師，復(fù)旦大學(xué)金融學(xué)博士，復(fù)旦大學(xué)經(jīng)濟(jì)學(xué)博士后。現(xiàn)供職于中...
武漢中南財(cái)經(jīng)政法大學(xué)信息安全學(xué)院教授。長期專注于反洗錢/反恐...
生辰：1977.7.26 籍貫：遼寧撫順 民族：漢 黨派：九三學(xué)社 職稱：教授 研究...
祝亞雄，1974年生，浙江衢州人。浙江師范大學(xué)經(jīng)濟(jì)與管理學(xué)院副教授，博...
復(fù)旦大學(xué)中國反洗錢研究中心特聘研究員；現(xiàn)任安永管理咨詢服務(wù)合伙...
工作履歷：曾在國家審計(jì)署從事審計(jì)工作，是國家第一批政府審計(jì)師；曾在...
UK’s Financial Conduct Authority (FCA) has defended its tough regulatory environment for crypto businesses in an Oct. 21 blog post by Val Smith, the regulator’s head of payments and digital assets.
In the post, Smith noted that industry experts have claimed that the UK’s “approach could stunt innovation” and it could also impact the country’s “position as a global financial leader.”
Why FCA is strict on crypto
The FCA official defended the agency’s regulatory approach to the industry by emphasizing the importance of maintaining rigorous oversight, particularly in preventing crypto firms from facilitating money laundering.
She stated:
“We never turn applications down out of hand. But we treat the risk of firms being used for money laundering extremely seriously. Allowing illicit money to flow freely can destroy lives. Terrorism, organised crime, sanctions evasion and human trafficking are just some of the real-world issues we’re helping tackle by maintaining the standards the Money Laundering Regulations (MLRs) require.”
Smith warned against lowering this regulatory standard because it could lead to a “race to the bottom” in compliance practices that would lead to “unsafe, unregulated, and untrusted foundations” that “won’t ensure people and our markets are protected or even work well.”
Despite this, Smith stressed that the FCA remains committed to working closely with government, industry, and international partners to build a crypto sector founded on robust and trustworthy principles.
FCA’s regulatory regime
Over the past year, the FCA has introduced several crypto regulations, including a particularly stringent marketing regime. These rules empower the government to impose unlimited fines on companies and even prison sentences for executives. The regulations also apply to firms based outside the UK that serve UK customers.
Recent data highlights the challenges crypto companies face in this regulatory environment. Only four of the 35 crypto applications submitted to the FCA in the year ending March were approved.
Moreover, reports show that registrations for crypto asset exchanges and custodian wallet providers with the FCA have dropped by more than 50% over the past three years. This decline reflects growing frustration within the industry over the UK’s regulatory landscape.