FCA to publish cryptocurrency review later this year

Confirmed firms offering crypto derivatives must be regulated

The Financial Conduct Authority (FCA) has announced its intention to outline its views on cryptocurrencies later this year, as revealed in its business plan for 2018/19.

The UK's financial regulator noted cryptocurrencies have been "an area of increasing interest for markets and regulators globally" and acknowledged the Treasury Committee's intention to launch an enquiry. In response, it said: "Cryptocurrencies themselves are not currently within our regulatory perimeter. However, some models of use or packaging cryptocurrencies bring them within our perimeter, making the landscape complex.  World Bank chief compares cryptocurrencies to 'Ponzi schemes' "We will work with the Bank of England and the Treasury as part of a taskforce to develop thinking...