Global Cooperation in Crypto Regulation Stressed by FCA Official and British Lord at DigiAssets 202

But he stressed that stakeholders in the digital assets space—from investors to entrepreneurs—shouldn’t have the right to “moan” about regulations unless they get involved in the consultations led by the FCA. During the panel, he argued right-size regulation “is good for innovation, good for investment, good for consumers, for creatives, for citizens and for countries. The only people who want a regulatory-free environment are the grifters and the chancers,” Lord Holmes said. “If you’re seeking to set up, scale and develop a bona fide business, you should always want right-size regulation.”

The Conservative peer added that, whether measured in trillions of dollars or as a percentage of GDP, the influence of digital assets will only grow over time. “We are into this space, we are interested in this space, we understand that whichever stat, whichever figure you take, digital assets are material and only going in one direction,” he told the audience.