cryptoinvestors
-
Chief Executive Officer of UK FCA: unable to develop a regulatory framework to protect crypto investors from losses
On March 9, Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), told the Special Committee of the Ministry of Finance on Wednesday that FCA could not create a regulatory framework for cryptoinvestors to protect them from losses. Rathi said: “No matter what we do in terms of regulation, we cannot establish a framework to protect consumers from losses. Under any circumstances, people should never expect to be compensated in this way.” Interpretation of this information: The statement made by Nikhil Rathi, the chief executive of the Financial…
