Cryptoassets - new FCA guidance and a new consultation
The FCA’s new guidance, which is designed to give people a better understanding of what they are investing in, and the risks involved. And a consultation on a new Discussion Paper to help develop the FCA’s regime for fiat-backed stablecoins including when used as a means of payment
01 November 2023
Plans to regulate cryptoassets and protect consumers - consultation outcome
The outcome of consultation by the on the future financial services regulatory regime for cryptoassets and on managing the failure of systemic Digital Settlement Asset (including stablecoin) firms. Also, the Government’s Policy Paper concerning the regulation of fiat-backed stablecoins
New FCA rules for marketing cryptoassets
Those marketing cryptoassets to UK consumers will need to introduce a cooling-off period for first time investors from 8 October 2023, under new advertising rules announced by the FCA