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Ocorian, the specialist global provider of regulatory and compliance, fund, corporate and fiduciary services, warns of impending crypto asset regulatory tsunami as FCA's new financial promotion regime looms.
In a groundbreaking development set to send shockwaves through the cryptocurrency industry, the Financial Conduct Authority (FCA) has issued a stark warning to crypto asset firms operating in the UK. The FCA's new financial promotion regime, which took effect on October 8, 2023, brings unprecedented restrictions and requirements for qualifying crypto asset holders.
A "qualifying crypto asset" is now defined as a cryptographically secured digital representation of value or contractual rights that is transferable and fungible, excluding assets...
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