By Chris Skinner via Iris.xyz
In mid-December 2017, the UK’s Financial Conduct Authority (FCA) published a really interesting 32-page paper on Distributed Ledger Technology (DLT). The timing wasn’t great as most of the City was out getting smashed at Christmas parties, so I thought it best to put it aside until the New Year hangovers were out of the way and share it with you now. Oh, and just in case you’re wondering if it’s worth it, here’s the summary:
In April 2017, the FCA published Discussion Paper (DP) DP17/03 on Distributed Ledger Technology (DLT) to stimulate a dialogue on the regulatory implications of current and potential developments of DLT in the financial markets.
The FCA explored the potential risks and benefits of DLT applications in financial services and whether it could promote the FCA’s statutory objectives of promoting effective competition, financial market integrity and financial consumer protection. The FCA specifically asked about tested DLT use cases and whether the future application of this nascent technology could face undue regulatory hurdles or create undue risk.
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