Global crypto rules needed to keep markets clean, says UK watchdog

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Global rules are needed to regulate international crypto firms like Binance and “keep markets clean”, Britain’s Financial Conduct Authority said on Thursday. Crypto firms are largely unregulated across much of the world but are required in many countries to show they have adequate controls to combat money laundering. The FCA said last year that Binance, the world’s largest crypto exchange, was not allowed to undertake any regulated activity in Britain because it was “not capable of being effectively supervised”. This year, regulators in Spain, France and Italy h…

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