Regulatory Alerts2020-09-18
Cryptoasset Token Activity and Regulation FAQs
The Isle of Man Financial Services Authority issued these FAQs to clarify regulatory requirements for cryptoasset activities. The guidance specifies that token exchanges for cryptocurrencies require AML registration but not a financial license, while exchanges for tokenized securities are restricted to licensed crowdfunding platforms. Additionally, the Authority confirms that developing crypto software and accepting cryptocurrencies for retail payments do not constitute regulated activities or require registration.
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