Aoife Keane, litigation and international arbitration partner at ONTIER, was quoted in Law360 following the recent collapse of FTX.
The collapse of FTX and subsequent arrest of former CEO, Sam Bankman-Fried has sparked much debate about the current regulation in the space, including consumer protections. The article discusses the FCA’s shortcomings in the implementation of their plan due to past regulatory failings and limited resource.
Aoife comments:
"A few crypto-asset businesses have folded their U.K. operations following expiry of the deadline, but many unregistered crypto-businesses continue to operate in this jurisdiction, seemingly without fear of enforcement," Aoife Keane, partner at Ontier LLP, said. "Regulation is behind the curve," she added.
ONTIER are experienced commercial litigators, with strong expertise in high value complex commercial disputes and international arbitration. They are specialists within the digital asset sphere, running ground-breaking litigation that highlights the need for greater transparency and regulation in the sector. For all questions regarding the topics raised in this article, please contact Aoife or a member of our team.
The full article can be found here: FCA'S 2022 CONSUMER PLAN HIT BY STAFFING, PAST PROBLEMS (Subscription to Law360 required)