Express

UK Financial Conduct Authority Explains New Rules For Cryptoasset Businesses In Latest Handbook Notice

Ramsey Baker

Summary: The UK Financial Conduct Authority (FCA) has released their latest Handbook notice which discusses details on the recently introduced rules for cryptoasset businesses in the UK. The FCA has apparently listened to feedback and amended their proposals to be friendlier towards small firms and start-ups. Application fees have been reduced to £2,000 from the original ...

The UK Financial Conduct Authority (FCA) has released their latest Handbook notice which discusses details on the recently introduced rules for cryptoasset businesses in the UK.

The FCA has apparently listened to feedback and amended their proposals to be friendlier towards small firms and start-ups. Application fees have been reduced to £2,000 from the original £5,000. However, this only applies to businesses with cryptoasset activity up to £250,000, businesses above this mark will pay $10,000.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: UK Financial Conduct Authority Explains New Rules For Cryptoasset Businesses In Latest Handbook Notice   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 3 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 4 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 15 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 16 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 18 days ago

    • You need to login to comment.