“Arjun Sethi said questionnaires and warnings about potential financial loss slow down transaction times while asset prices are moving.”, — write: www.coindesk.com
“In the UK today, if you go to any crypto website, including Kraken’s, you see the equivalent to a cigarette box [warning] — ‘use this and you’re going to die,'” Arjun Sethi said in an interview with the newspaper.
“Because of the speed at which they have to do the transaction, it’s worse for consumers. Disclosures are important … but if there are 14 steps, it’s worse.”
Crypto companies in the UK are required to adhere to rules that involve posting clear risk warnings and making users fill out questionnaires to check they understand the risks of buying digital assets.
It’s not the first time the Financial Conduct Authority (FCA) has faced criticism for what some perceive as an overly cautious approach to regulating the industry, and there are signs it may be changing.
In September, the FCA’s executive director for payments and digital finance, David Geale, said the regulator was prepared to waive some of its existing financial services rules for crypto companies. These included not having to offer customers a cooling-off period after purchasing crypto due to the volatile nature of cryptocurrency prices, which could result in a material change in the value of an investment.
Kraken did not immediately respond to CoinDesk’s request for further comment.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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With new laws defining market structure and stablecoin oversight, the broker said America’s digital asset industry has entered its most mature phase yet.
- Bernstein said the US has enacted the GENIUS Act and is preparing the CLARITY Act to create a unified crypto regulatory regime.
- Stablecoin supply has surged past $260 billion, while institutional capital is driving crypto ETFs and IPOs.
- The broker sees a new, sustainable crypto cycle driven by regulation, institutional adoption, and blockchain integration in capital markets.
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