FCA takes over crypto asset supervision
UK-based companies that deal in crypto assets are now regulated by the Financial Conduct Authority and must comply with anti-money laundering and counter-terrorist financing (AML/CFT) rules.
An amendment to the UK’s AML/CFT laws brought crypto assets under the FCA’s oversight on January 10. It is the culmination of several years of analysis and consultations.
Companies offering services such as crypto asset exchanges, initial coin offerings and custodian wallets for crypto assets must now
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Crypto Assets
Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
Decentralised finance is here to stay
Whatever happens to cryptocurrencies, tokenisation is the future
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model