Technology and Innovation Community

The FCA has just initiated it's latest round of feedback from the financial services industry on the its understanding of cryptoassets.

"Cryptoasset perimeter guidance"

Feedback is requested on the interpretation of the perimeter of the following regulated cryptoasset activities:

• Issuing qualifying stablecoins in the UK. 
• Safeguarding, or arranging safeguarding of qualifying cryptoassets and relevant specified investment cryptoassets. 
• Operating a qualifying cryptoasset trading platform. 
• Dealing in qualifying cryptoassets as principal. 
• Dealing in qualifying cryptoassets as agent. 
• Arranging deals in qualifying cryptoassets. 
• Arranging qualifying cryptoasset staking. 

Who is the target:

• Cryptoasset firms (including firms based overseas) providing services to UK consumers. 
• Stablecoin issuers. 
• Traditional finance firms and market participants. 
• Industry groups/trade bodies. 
• Professional advisers. 
• Law firms and consulting firms advising on cryptoassets. 
• Consumer groups and individual consumers. 
• Policy makers and other regulatory bodies. 
• Industry experts and commentators. 
• Academics and think tanks. 
• Other firms or professional bodies involved in cryptoassets. 

#Digitalassets #innovationcommunity

- Todor