The guidance says crypto assets claiming to be backed by a commodity will need to prove this. Firms can provide the evidence through disclosures, independent audits and proof of deposits, the FCA said. The industry will need to “demonstrate that claims of stability, such as links to a fiat currency, are bona fide,” according to the document.
‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AI
Alethea CEO Arif Khan, a speaker on the AI Stage at Consensus 2024, says we’ll soon be automating daily tasks...