UK watchdog Provides Final Guidance on Current Cryptoassets Regulation
The Financial Conduct Authority (FCA) recently published its Final Guidance, setting the regulatory perimeter of crypto currency asset activities. This comes as a result to the consultation paper released at the beginning of the year. The aim of the Guidelines is to enhance clarity and transparency for market participants involved in the cryptoassets environment.
Taking into consideration the complexity and rapid development of the crypto market, the FCA Guidelines offer a better understanding of the categories of assets that fall within the regulatory perimeter.
This article provides further insight on main objectives of FCA Guidelines.