FCA consults on Perimeter Guidance for the UK’s new cryptoassets regime

The UK is introducing a new regulatory regime for cryptoassets and crypto-related activities. The relevant legislation was finalised earlier this year and sets out many of the parameters for the new regime. The Financial Conduct Authority (FCA), which will be responsible for regulating firms under the new regime, has now published a Consultation Paper which includes the FCA's draft guidance in relation to the regulatory perimeter as it applies to the new cryptoasset activities.... By: Hogan Lovells