United Kingdom: Adopted Temporary Registration Regime for cryptoasset businesses
Description
Adopted Temporary Registration Regime for cryptoasset businesses
The Temporary Registration Regime is established by the Financial Conduct Authority (FCA) to allow cryptoasset firms to continue trading if they registered with the FCA before 16 December 2020, even if their applications were still being processed. In addition, these firms must comply with the Money Laundering Regulations. The end date to join the Temporary Registrations Regime is 9 July 2021, at which point firms must be permanently registered with approval by the FCA or cease their activites.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body
Complete timeline of this policy change
Hide details
2020-12-16
adopted
2021-06-03
adopted
2022-03-30
adopted