Michelle Bond: The final guide to the FCA in the UK sets a clear regulatory framework for cryptographic assets

Michelle 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 that more clearly indicate which are regulated and which are not. When purchasing unregulated cryptographic assets, consumers will lack 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).