HMRC umbrella company ‘checking tool’ looms for workers
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The chair of the UK’s top financial watchdog has questioned the role it should play in crypto regulation after hundreds of billions of dollars was wiped from the value of the market in the past month.
Charles Randell, chair of the Financial Conduct Authority, said in a speech that the watchdog could not simply swoop in and regulate “purely speculative speculative crypto tokens” and the the FCA needed to establish which areas of the market it would regulate.