In the past few weeks, regulators all around the world have been ranting against Bitcoin and cryptocurrency in general, and their outlandish denouncements are becoming increasingly outrageous.
The Financial Times disclosed on Thursday that Ashley Alder, who is slated to oversee the UK’s Financial Conduct Authority, is the latest to make one of these absurd claims.
On December 14, the incoming head of the FCA gave a scathing critique of the cryptocurrency industry, informing legislators that digital currency platforms “facilitated money laundering at scale” and were “deliberately” shielding their acts from inspection.
Cryptocurrency markets are back in crimson as another week draws to a close. With so much negativity emanating from the crypto space – bankruptcies, scams and illicit movement of money – it’s no wonder the British financial regulatory body is starting to tighten the noose on regulation.
Alder, who presently serves as the director of the Hong Kong Securities
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