# kaal:claim:3117224-022

**Claim.** The FCA has acknowledged that distributed ledger technology has unique aspects capable of working around current regulations.

**Type.** failure  **Support.** evidenced

**Holds when.**

- United Kingdom

**Source quote.**

> the FCA has acknowledged that DLT has unique aspects that can work around current regulations.

**From.** Wulf A. Kaal, *Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses* (2018), IV. Regulatory Responses, page 12

**Cite as.** Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

**Verify.** sha256 of source PDF `83e9ccb9219a217d9fcfc5c098b897229ee7cf85623bee3ae22d2e986548466b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202018%20-%20Initial%20Coin%20Offerings%20The%20Top%2025%20Jurisdictions%20and%20Their%20Comparative%20Regulatory%20Responses.pdf

**Failure mode.** rules-circumvention-by-dlt  (family: regulatory-arbitrage)

**Topics.** decentralization, blockchain, regulatory-failure

**Keywords.** united-kingdom, fca, distributed-ledger-technology, regulatory-circumvention

**Related claims.**

- supports: https://wulfkaal.github.io/claims/2992962-012

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