The Financial Conduct Authority (“FCA”) has published its Policy Statement (“PS”) on financial promotion rules for cryptoassets.

PS23/6 summarises the feedback received by the FCA following industry consultation in January 2022 on cryptoassets and   provides information on:

  • Categorisation of cryptoassets;
  • The consumer journey for investing in cryptoassets;
  • The role of authorised firms communicating and approving cryptoasset financial promotions;
  • The FCA’s approach to registered cryptoasset businesses communicating financial promotions under the Money Laundering Regulations 2017 (“MLRs”); and
  • Cost-benefit analysis (“CBA”) revisions

As regulatory regimes tailored to the unique landscape of cryptocurrency develop around the world, Plenitude’s Digital Assets Practice can help you understand their implications for your project. Visit our website for more information.

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