ICO and FCA release joint paper on UK digital asset development

16/05/2024 | DCRF

joint research paper by the Information Commissioner's Office (ICO) and the Financial Conduct Authority (FCA) published by the Digital Regulation Cooperation Forum (DCRF) examines consumer attitudes towards digital assets and their interactions with these products. 

The research revealed that many participants have a limited understanding of the underlying distributed ledger technology and its implications for their personal data and information rights. Despite some concerns about privacy and data security, participants often prioritise the potential for financial returns or compare these considerations to online engagement with traditional financial institutions. The report also emphasised the importance of transparency and consumer trust in fostering wider adoption.

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Crypto, bitcoin

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