In its release of the "Final Proposal for Crypto Asset Regulation", the UK Treasury said that the government's position is that companies that deal directly with UK retail consumers, regardless of location, should be required to be authorised.


The proposal summarises the UK government's intention to bring some cryptoasset activities into financial services regulation for the first time, and describes that companies engaged in cryptoasset activities must now be authorised by the UK's Financial Conduct Authority, including a provision that crypto exchanges should set out detailed requirements for access criteria and mandatory disclosures when listing new assets.
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