UK FCA's feedback on distributed ledger technology

The Financial Conduct Authority has published feedback to its discussion paper (DP 17/03) on distributed ledger technology. The FCA strikes a careful balance between innovation and regulation, and flags key legal and regulatory risks in relation to digital currencies, smart contracts and ICOs.

Key areas include:

• Digital currencies
• Initial Coin Offerings (ICOs)
• Smart Contracts and digital assets
• Financial crime
• Operational risk
• Other regulatory considerations

Read our debrief on the FCA's Feedback Statement on Distributed Ledger Technology.