FCA publishes feedback on DLT

The UK financial regulator has published feedback on its consultation on distributed ledger technology, revealing it is taking a technology-neutral approach to regulation and that it plans further scrutiny of initial coin offerings (ICOs).

The Financial Conduct Authority (FCA) has said it will gather more evidence on ICOs and conduct a "deeper examination" into the rapid developments in this sector.

The findings should help determine whether further regulatory action is necessary beyond the consumer warning the FCA issued in September.

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