
James Burnie
25K posts

James Burnie
@_JamesBurnie
Partner in Financial Services Regulation & FinTech. Crypto/blockchain innovator. Award-winning advisor. Cambridge & LSE alum. Navigating EU/UK regulations.






‼️ Key takeaways for crypto of FCA response to supporting growth (TLDR, good things happening):‼️ ➡️ Improvements to authorisation process, including (i) providing a dedicated case officer to every firm in the FCA regulatory sandbox (ii) 50% more dedicated supervisors (iii) extending pre-application support to all crypto firms (iv) indicate more frequently that the FCA is ‘minded to approve’ promising start-ups to help them secure funding (v) working with Treasury to create a legislative framework that enable relevant firms to conduct limited regulated activities with streamlined conditions, particularly for start-ups that may find it hard to meet all the threshold conditions. ➡️ FCA will progress a digital securities sandbox and a roadmap for digital assets starting in asset management. ➡️ FCA will avoid additional regulations for AI by relying on existing frameworks. ➡️ FCA will remove the need for a Consumer Duty Board Champion and ensure future consultations on consumer protection ask if the Consumer Duty is sufficient rather than new rules (becomes relevant as the Consumer Duty will likely start to apply to crypto regimes as the regulatory frameworks are developed and implemented in the next year or so). Result: Clear movement towards a framework that should benefit crypto and blockchain companies by balancing regulatory protections against the need for innovation. Exciting times ahead! 🚀🚀 🚀 #Regulation

‼️ Key takeaways for crypto of FCA response to supporting growth (TLDR, good things happening):‼️ ➡️ Improvements to authorisation process, including (i) providing a dedicated case officer to every firm in the FCA regulatory sandbox (ii) 50% more dedicated supervisors (iii) extending pre-application support to all crypto firms (iv) indicate more frequently that the FCA is ‘minded to approve’ promising start-ups to help them secure funding (v) working with Treasury to create a legislative framework that enable relevant firms to conduct limited regulated activities with streamlined conditions, particularly for start-ups that may find it hard to meet all the threshold conditions. ➡️ FCA will progress a digital securities sandbox and a roadmap for digital assets starting in asset management. ➡️ FCA will avoid additional regulations for AI by relying on existing frameworks. ➡️ FCA will remove the need for a Consumer Duty Board Champion and ensure future consultations on consumer protection ask if the Consumer Duty is sufficient rather than new rules (becomes relevant as the Consumer Duty will likely start to apply to crypto regimes as the regulatory frameworks are developed and implemented in the next year or so). Result: Clear movement towards a framework that should benefit crypto and blockchain companies by balancing regulatory protections against the need for innovation. Exciting times ahead! 🚀🚀 🚀 #Regulation






Navigating Crypto Regulation: Insights from Laurynas Spangevicius and James Burnie Listen to the podcast on Spotify: open.spotify.com/episode/4K4Odu… I’m James Burnie, and in this exciting episode of Crypto Cast, I’m joined by Laurynas Spangevicius, General Manager of Robinhood Crypto Europe. Together, we dive into the global regulation of the crypto market, exploring the challenges and nuances of navigating regulatory landscapes across the US, UK, and EU. We also discuss the EU’s groundbreaking Markets in Crypto-Assets Regulation (MiCA), unpacking its implications for crypto-asset trading, transparency, disclosure, and transaction supervision.









