FCA chief executive Nikhil Rathi set out the regulator’s thinking on the intersection of finance 2.0 and web3 at the Finance Transformed event organised by The Economist.
Big tech offers significant opportunity, he said, but it also introduces significant risks to the way the market works. He asked: “What does it mean for competition if big tech firms have access to unique and comprehensive data sets such as browsing data, biometrics and social media?”
Rathi sees the
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