Crypto Update – FCA releases new guidance on Cryptoassets

The Financial Conduct Authority has released Guidance on how cryptoassets should be treated in relation to financial regulation.

This will affect cryptoassets businesses as they will need to seek confirmation from issuers that their tokens do not fall within the scope of financial regulation.

Additionally, many exchanges and custody agents will need to ensure that they are authorised to deal with certain cryptoassets.

For more information or legal advice, please contact Thomas Hulme or read our latest article here.

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Thomas Hulme
Thomas joined Mackrell Turner Garrett as a Trainee Solicitor in September 2017, having previously run his own security business, specialising in protecting the IT infrastructure of SMEs and large enterprises. This commercial background gives him a unique insight into what it takes to establish and run a company. Before undertaking a position within the firm, Thomas completed a Graduate Diploma in Law and an LPC, but he now has plans to also undertake a Masters LPC with Business, alongside his training with the firm.