Article summary
The Financial Markets Law Committee (FMLC) has set out its response to HM Treasury’s consultation on its proposal to bring certain cryptoassets into the scope of financial promotions regulation. The FMLC’s response expresses concern with regards to the definition of a ‘qualifying cryptoasset’ set out in the proposal. The FMLC also encourages HMT to take note of the proliferation of sometimes conflicting or overlapping definitions internationally of cryptoassets for the purposes of regulation.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial