Archive:March 28, 2022

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Europe: Pressure Grows on UK Regulated Firms to Manage Cryptoasset-Related Risk

Europe: Pressure Grows on UK Regulated Firms to Manage Cryptoasset-Related Risk

By: Kai Zhang

On 24 March 2022, the FCA issued a notice reminding firms with cryptoassets exposures of its expectations on certain risks.  The key themes are:

  • Avoiding consumer confusion: As cryptoassets are generally not regulated, the FCA expects firms involved in cryptoassets to ensure that consumers understand the distinction between their regulated business and unregulated business (i.e. relating to cryptoassets).
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