FCA chairman-designate: Encrypted platforms facilitate large-scale money laundering and should be further regulated

According to the Financial Times, Ashley Alder, the chairman-elect of the Financial Conduct Authority (FCA) of the United Kingdom, made a severe condemnation of the encryption industry in a speech to members of Parliament, "I think it (cryptocurrency) should be further regulated" and said: He said that in his experience, crypto platforms have been "deliberately evasive", facilitated large-scale money laundering, created "huge adverse risks", and that "cryptocurrency companies looking to do business in the UK will face an uphill battle".