Crypto will be regulated in the same way as other financial products.
MLRs
Proponents of the announcement believe it will help prevent money laundering; critics argue the FCA may not have the capacity to do a supervisory job.
The second of a two-part series analyses the EU and UK crypto regulatory landscapes, focusing on the UK regulatory framework for stablecoins.
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.
Under the proposals, all firms wishing to carry out regulated cryptoasset activities will be required to obtain FCA authorization.
The draft SI proposes changing the registration and change in control thresholds for cryptoasset businesses to align with FSMA.
A comparison of cryptoasset advertising regulation in the EU and the UK.
A summary of the latest deals, developments and innovations from the world of crypto.