---
title: FCA statement on cryptoasset registration regime in UK
description: The Financial Conduct Authority (FCA) published a statement on the importance of the UK’s cryptoasset registration regime to safeguard against illicit activities.
---

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# [FCA statement on cryptoasset registration regime in UK](https://www.plenitudeconsulting.com/news-insights/fca-statement-on-cryptoasset-registration-regime-in-uk)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Oct 25, 2024 2:16:32 PM

 

Val Smith, head of payments and digital assets for the FCA, reaffirmed the regulator’s high standards on registrations, and highlighted:

- The importance of sustainable long-term regulation rather than relaxing rules for faster innovation;
- The FCA’s aim to work in collaboration with the crypto industry and government without compromising standards; and
- That decisions on registration are influenced, not only by systems and controls in place at firms, but also by factors such as the people involved in those processes and the characteristics of the target customer base.

Crypto firms should review the FCA’s guidance and examples of good and bad practice to help prepare for the registration process.

💡 Plenitude’s Digital Asset Practice can help your firm navigate the UK registration process. Visit our website for more information: [https://www.plenitudeconsulting.com/services/digital-assets-practice](https://www.plenitudeconsulting.com/services/digital-assets-practice)

[View full post](https://www.plenitudeconsulting.com/news-insights/fca-statement-on-cryptoasset-registration-regime-in-uk)

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