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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

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