The UK’s City minister has lashed out at the Financial Conduct Authority’s “name-and-shame” proposals and its tough approach to regulating digital assets — saying the regulator’s priorities are massively out of step with the banking industry.
The signal to international investors and people in this country is that the regulator still doesn’t get it,” said Bim Afolami, speaking at the Crypto and Digital Assets Summit by the Financial Times and The Banker on May 8. “The regulators need to … stop doing things like that.”
