Andreessen Horowitz (a16z) has expressed its conclusion that a “one-size-fits-all” approach to developing a regulatory framework for digital assets will not be effective, and that many nuances must be taken into account.
This comes in response to the UK government’s advisory report, which was released by the Ministry of Finance in early February.
The report proposed supervision of cryptocurrency exchanges and landing platforms, in order to maintain “fair and reliable standards”, and to reduce the risks and structural vulnerabilities plaguing some business models in the sector.
The regulations would require crypto exchanges to develop detailed requirements for the content of asset admission documents and disclosures, as well as tougher rules for financial intermediaries and custodians.
The agency will also survey opinions on improving market integrity and consumer protection. a16z noted that a one-size-fits-all approach to regulating transactions with crypto assets would not be in line with the Treasury’s core development principle of ‘same risk, same oversight’.
