Colin Payne, FCA: ‘We’re Not Going to Apologize for Being Cautious’

Colin Payne, Head of Innovation at the Financial Conduct Authority (FCA), defended the regulator's measured pace regarding crypto innovation at the ZebuLive conference, stating, "We’re not going to apologize for being cautious," citing the volatility seen with assets like NFTs. This stance contrasts with industry leaders, such as Kraken's Bivu Das, who warned that the U.K. risks clinging to past fintech success as the center of gravity for innovation shifts to hubs like Dubai, Singapore, and the U.S. Former MP Dr. Lisa Cameron also urged Parliament to accelerate its pace to avoid being left behind. Despite the pressure to move faster, the FCA maintains a cautious stance, though mounting industry demands are gradually shaping a more proactive regulatory approach.

(Source：CCN)