The Big Debate

To Regulate or Not to Regulate: Is a One-Size-All Approach Right for the Crypto Sector?

June 14, 2023 11:30am

Howard Fischer
Moses & Singer LLP (USA)

Syed Rahman
Rahman Ravelli Solicitors (UK)

Steven Rees Davies
Carey Olsen (Bermuda)

Nicosia Lawson
Senior Associate
Baker & Partners Limited (Cayman Islands)

The Treasury intends to bring regulation of crypto assets within the regulatory framework that was created by the Financial Services and Markets Act 2000. The Treasury believes that this will lead to greater confidence in crypto and increased credibility and regulatory clarity; along with strengthening the rules around financial intermediaries and custodians.

On the other side of the coin however, some crypto fraud practitioners believe that any measures introduced as a “rapid reaction” to crypto-related scandals may do more harm than good.

Join this animated, informative debate as our experts discuss the pros and cons of proactive and reactionary implementation of the proposal.