United Kingdom: Concluded Temporary Registration Regime for cryptoasset businesses

On 31 March 2022, the Temporary Registration Regime ends, representing the deadline for crypto asset businesses to permanently register with approval by the Financial Conduct Authority (FCA). The Temporary Registration Regime was established by the Financial Conduct Authority (FCA) to allow cryptoasset firms that registered with the FCA before 16 December 2020, to continue trading even if their applications were still being processed. With the deadline, only those firms that were approved by the FCA for permanent registration con continue offering their services. Only certain firms which are still in temporary registration have received an extension of the deadline due to appeals.