The UK and the US shake hands for future collaboration to address crypto regulation. 'We greatly value ongoing enforcement cooperation between the FCA and [...] the SEC, CFTC, and DOJ in particular', declared FCA chief executive Nikhil Rathi.
The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies.
Rathi added that the FCA did not have the power to authorize the creation of a regulatory framework for crypto in the United Kingdom, as many of its rules in the space related to Anti-Money Laundering, or AML."We sounded the alarm over supervising Binance and placed restrictions on it so it could not undertake any regulated activity in the UK without written consent," they said:
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