FIN.

FCA’s Final Guidance on Cryptoassets published

Having issued a consultation earlier this year on its proposed guidance on categorisation of cryptoassets and the perimeter of regulated activities, the FCA has now published its finalised guidance.

The FCA notes that the majority of the 92 respondents to the consultation were supportive of their proposals; however as a consequence of feedback the proposed cryptoasset taxonomy has been reframed, for example with clearer delineation between exchange and utility tokens, and other minor drafting amendments made.

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Roseyna Jahangir