Regulatory Alerts2019-01-22
Added · Updated
PS19/22: Guidance on Cryptoassets
The Financial Conduct Authority issues final guidance clarifying that exchange tokens generally fall outside its regulatory perimeter, while security tokens are within it as specified investments. Utility tokens may be regulated if they meet the definition of e-money or financial instruments. The guidance requires firms carrying on regulated activities to obtain appropriate authorization and comply with existing rules, including the Senior Managers and Certification Regime and anti-money laundering obligations.
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