FCA considers approving blockchain businesses

If a company wants to start lending or undertake any kind of payment services in the UK it would need FCA approval. If the FCA did give its imprimatur the companies would be among the first in the world to gain regulatory approval.

Today, the number of blockchain-enabled products in commercial use is “close to zero”, said Nick Williamson, chief executive of London-based blockchain start-up, Credits, because the technology is still being tested.