Following the publication of HM Treasury’s response to its 2020 Consultation on cryptoasset promotions and the FCA’s consultation on strengthening financial promotion rules for high-risk investments, including cryptoassets, stakeholders have brought to the Committee’s attention several potential areas of legal uncertainty in relation to the regulation of cryptoassets and related activities in the U.K.
The FMLC has sent a letter to HM Treasury highlighting some examples of legal uncertainty. It would value an opportunity to discuss these potential challenges so as to support HM Treasury in the ongoing development of its work in this area.
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