Kraken Co-CEO Warns UK Crypto Regulations Could Hurt Retail Investors: Financial Times Report

According to the Financial Times, Kraken co-CEO Dave Ripley has expressed concerns that the United Kingdom's new cryptocurrency promotion rules may negatively impact retail investors. The regulatory framework, which requires crypto firms to implement risk warnings and cooling-off periods, could create barriers for everyday investors seeking access to digital assets. Ripley emphasized that while consumer protection is important, excessive regulation might limit investment opportunities for retail participants in the crypto market. The comments come as UK authorities tighten oversight of cryptocurrency promotions to align with traditional financial advertising standards.