Ripple executives: The final guide to the UK FCA sets a clear regulatory framework for cryptographic assets

According to dailyhodl, Richle Bond, head of global government relations at Ripple, said that the “final guide” issued by the Financial Conduct Authority (FCA) is our long-awaited clear regulation. The guide refers to a number of amendments to more clearly explain what is regulated and what is unregulated. When purchasing unregulated cryptographic assets, consumers will lack certain regulatory protection, and the financial services compensation plan will not cover this part of the crypto assets. The UK FCA classifies XRP into ETH and BTC-like assets, both of which are classified as trading and utility tokens (non-securities tokens).