ICO Policy Not Slowed by Brexit

It seems somehow ironic and fitting that the economic sector most hostile to centralized governments — cryptocurrency and initial coin offerings (ICOs) — faces renewed regulatory activity despite the UK Brexit and US shutdown chaos. On January 23, the Financial Conduct Authority (FCA) in the United Kingdom issued a new consultative paper regarding ICO regulation. The comment period closes this month (April) which means that final decisions will be made after next week’s Brexit dramas have passed.

The UK proposals suggest British policymakers are…