UK has obliged all crypto companies to be licensed by the end of March

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On March 31, the FCA will cancel temporary registration for companies dealing with cryptocurrency

UK has obliged all crypto companies to be licensed by the end of March

30.03.2022 - 12:55

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What’s new? The UK’s Financial Conduct Authority (FCA) will cancel temporary registration for cryptocurrency companies on March 31. All companies dealing with digital assets are required to be licensed before then. Operating without a permit is criminally liable, Bloomberg reports.

Bloomberg’s material

Cryptocurrency situation in the United Kingdom. Over the past few months, the UK government has tightened its oversight of digital assets. In March, the Bank of England Financial Policy Committee requested additional powers from the government to strengthen oversight and regulation of digital assets.

The UK Advertising Standards Authority issued new guidance for crypto advertising, which requires mentioning investment risks. The FCA also suspended the activities of crypto ATMs in the country.

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Editorial GetBlock Magazine

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