City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms
by Kalyeena Makortoff Banking correspondent from Technology | The Guardian on (#6EWP9)
Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US
The UK's financial watchdog came under political pressure" to welcome crypto firms into the British market, its former chairman has said.
Charles Randell, who stepped down as chairman of the Financial Conduct Authority (FCA) in the spring, said it was an example of the kind of influence that elected politicians have tried to exert on independent regulators.
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