Lucy Frew’s FinTech column: February 2022

In this edition of her column, Lucy considers the UK government’s plans to bring qualifying cryptoassets into scope of financial promotion legislation, and how the FCA’s proposals to strengthen the financial promotion regime will impact on the promotion of such cryptoassets.

January brought the UK government’s plans to bring certain cryptoassets into scope of financial promotion legislation following a consultation in 2020. Meanwhile, in tandem, an FCA consultation paper sets out proposals to strengthen its financial promotion rules, introducing new rules that will apply to such cryptoassets and restrict their promotion. The changes will be significant for unauthorised and overseas firms, as well as for authorised firms.

Click to view article


BRITISH VIRGIN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com

CAYMAN ISLANDS
Lucy FrewPartnerT +1 345 814 4676lucy.frew@walkersglobal.com

Related Content