The Financial Conduct Authority has published a discussion paper on distributed ledger technology (DLT): see here (pdf). To quote directly from the discussion paper, the FCA has published the paper in order "to start a dialogue on the potential for future development of
DLT in the markets we regulate. We are particularly interested to explore where the balance of
risk and opportunities may lie in relation to DLT". The FCA also notes that there has been "a broad range of reactions to DLT. We remain aware that exponents of new
technologies, particularly vendors, will often hype or oversell new technologies. Equally,
detractors will remain sceptical about their capabilities. One of the purposes of this DP is,
therefore, to invite debate and clarify what the real benefits and risks of DLT may be, and how
they might impact our objectives".
Tuesday, 11 April 2017
UK: FCA discussion paper on distributed ledger technology
The Financial Conduct Authority has published a discussion paper on distributed ledger technology (DLT): see here (pdf). To quote directly from the discussion paper, the FCA has published the paper in order "to start a dialogue on the potential for future development of
DLT in the markets we regulate. We are particularly interested to explore where the balance of
risk and opportunities may lie in relation to DLT". The FCA also notes that there has been "a broad range of reactions to DLT. We remain aware that exponents of new
technologies, particularly vendors, will often hype or oversell new technologies. Equally,
detractors will remain sceptical about their capabilities. One of the purposes of this DP is,
therefore, to invite debate and clarify what the real benefits and risks of DLT may be, and how
they might impact our objectives".
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