FCA updates webpages: cryptoassets
September 05, 2022
On 11 August 2022, the FCA updated the following webpages:
Requirements for a change in control – The webpage now provides that, an FCA registered cryptoasset firm (i.e. a cryptoasset exchange provider and/or a custodian wallet provider) is subject to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs). It is not subject to the regime under Financial Services and Markets Act 2000 (FSMA). The Money Laundering, Terrorist Financing and Transfer of Funds (Amendment) (No.2) Regulations 2022 bring elements of the FSMA change in control provisions within the scope of MLRs.