英國金融行為監理局 (FCA) 為其嚴格的數位貨幣監管辯護

支付和數位資產主管 Val Smith 在 10 月 21 日在其網站上發表的一篇文章中表示，必須在消費者保護和金融市場誠信方面維持嚴格的標準。

The U.K.’s Financial Conduct Authority (FCA) has defended its stringent digital currency regulations amid criticism that they were “too tough” and risked stifling innovation.

英國金融行為監理局（FCA）對其嚴格的數位貨幣監管進行了辯護，但有人批評這些監管「過於嚴厲」並有扼殺創新的風險。

In a post on its website on October 21, Val Smith, Head of Payments and Digital Assets, said it is essential to maintain rigorous standards with consumer protection and the integrity of financial markets front and center.

支付和數位資產主管 Val Smith 在 10 月 21 日在其網站上發表的一篇文章中表示，必須在消費者保護和金融市場誠信方面維持嚴格的標準。

Smith said innovations built on “unsafe, unregulated, and untrusted foundations” would likely collapse.

史密斯表示，建立在「不安全、不受監管和不受信任基礎上」的創新可能會崩潰。

What are the ‘too tough’ FCA rules?

什麼是「過於嚴厲」的 FCA 規則？

The FCA’s blockchain and digital currency standards focus on several key areas, particularly Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT) compliance, consumer protection, communications standards, operational resilience, and stablecoin-specific regulations.

FCA 的區塊鏈和數位貨幣標準專注於幾個關鍵領域，特別是反洗錢 (AML)/打擊資助恐怖主義 (CFT) 合規性、消費者保護、通訊標準、營運彈性和穩定幣特定法規。

Any company using digital assets must register with the FCA and comply with the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations (MLRs). This includes ongoing record-keeping and reporting duties.

任何使用數位資產的公司都必須在 FCA 註冊並遵守洗錢、恐怖主義融資和資金轉移法規 (MLR)。這包括持續的記錄保存和報告職責。

Digital currency firms must also clearly disclose the risks associated with digital assets and comply with strict advertising rules. All financial promotions must be transparent, fair, and not misleading.

數位貨幣公司還必須明確揭露與數位資產相關的風險，並遵守嚴格的廣告規則。所有財務促銷活動都必須透明、公平且不具誤導性。

On the operational resilience front, the FCA requires firms to safeguard customer funds, implement safeguards against cyber threats, and have a framework for managing operational and security risks.

在營運彈性方面，FCA 要求公司保護客戶資金、實施網路威脅防護措施，並建立管理營運和安全風險的架構。

Furthermore, firms offering tokenized securities or acting as custodians of digital assets must comply with the same rules as those who do so for traditional securities.

此外，提供代幣化證券或充當數位資產託管人的公司必須遵守與傳統證券相同的規則。

Opinion: What’s the problem, crypto bros?

意見：加密貨幣兄弟們，問題出在哪裡？

Basically, the FCA wants digital asset firms to be honest, manage risk correctly, and safeguard customer funds. It speaks volumes that some in the digital currency space see these rules as “too tough” to comply with.

基本上，FCA 希望數位資產公司誠實、正確管理風險並保護客戶資金。數位貨幣領域的一些人認為這些規則「太難」而難以遵守，這說明了這一點。

In 2021, digital currency exchange Binance withdrew from the registration process after the FCA raised concerns about its approach to meeting AML and CTF rules. Subsequently, the FCA issued a warning to users that Binance was not authorized to undertake any regulated activity in the U.K.

2021 年，數位貨幣交易所幣安 (Binance) 在 FCA 對其滿足 AML 和 CTF 規則的方式表示擔憂後退出了註冊程序。隨後，FCA向用戶發出警告，稱幣安無權在英國進行任何受監管的活動

In recent years, most FCA applications have been rejected or withdrawn. What does it say about an industry when most of its operators cannot prove they are committed to honest advertising, basic safeguarding of customer funds, professional standards for managing risk, and preventing money launderers and terrorists from using their platforms?

近年來，大多數FCA申請都被拒絕或撤回。當大多數業者無法證明他們致力於誠實的廣告、對客戶資金的基本保護、管理風險的專業標準以及防止洗錢者和恐怖分子使用其平台時，這對一個行業來說意味著什麼？

It’s also difficult to imagine how insisting on these standards would prevent legitimate innovation. With a few notable exceptions, very little innovation has emerged from the industry since Bitcoin’s release in 2009. Almost nothing of lasting value came about in a decade with virtually no regulations at all, calling into question the premise of the argument that the FCA’s regulations would stifle innovation.

也很難想像堅持這些標準會如何阻礙合法的創新。自2009 年比特幣發布以來，除了一些值得注意的例外之外，該行業幾乎沒有出現任何創新。的監管將影響這一論點的前提產生了質疑。

Furthermore, the U.K. doesn’t need lectures from crypto bros about what it takes to create a world-leading industry. Its financial services sector stands shoulder to shoulder with New York and Singapore, today comprising 12% of its economic output and employing more than one million people. The nation’s iGaming industry is the largest in Europe, with 75,000 people employed in a sector contributing £5 billion ($5.4 billion) to the economy.

此外，英國不需要加密貨幣兄弟來講述如何創造世界領先的行業。其金融服務業與紐約和新加坡並駕齊驅，目前佔其經濟產出的 12%，僱用人數超過 100 萬人。該國的網路博彩產業是歐洲最大的產業，該產業僱用了 75,000 名員工，為經濟貢獻了 50 億英鎊（54 億美元）。

The FCA’s approach is correct for the long run, perhaps not in every detail, but in spirit. Squeeze out the bad actors, welcome only those willing and able to commit to strict standards, and focus on utility and innovation with consumer protection and financial integrity in mind.

從長遠來看，FCA 的做法是正確的，也許不是在每個細節上，而是在精神上。排除不良行為者，只歡迎那些願意並且能夠遵守嚴格標準的人，並注重實用性和創新，同時考慮到消費者保護和財務誠信。

Watch: Unpacking Bitcoin sustainability at #LDNBlockchain24

觀看：#LDNBlockchain24 解析比特幣的可持續性