FCA opens consultation on stablecoins and crypto custody
The FCA has published proposals for issuing stablecoins, crypto custody and financial resilience of cryptoasset firms.
The FCA has published proposals for issuing stablecoins, crypto custody and financial resilience of cryptoasset firms.
The Discussion Paper reflects insights gained from a series of FCA-led crypto roundtables held with the industry earlier in the year.
All firms communicating financial promotions must make sure they have strong systems and controls for compliance in place.
PayPal’s UK crypto license is one of only four granted by the FCA during 2023 – the other being to Bitstamp, Komainu, and Interactive Brokers.
The FCA has issued a final warning for cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime.
The UK FCA has not been given regulatory oversight over the direct investments in cryptoassets and NFTs.
The UK will also proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT) in UK financial markets.
Enigma was temporarily registered under the 2017 MLR update, before the FCA approved the firm’s registration application.
The FCA admits its experience of processing applications indicates that the cryptoasset sector is going to be costly to supervise.