General
Cryptoassets businesses: FCA confirms registration fees
The Financial Conduct Authority (FCA) has updated its webpage on the new anti-money laundering (AML)
and counter-terrorist financing (CTF) regime for cryptoassets to
announce the registration fees that will be imposed on cryptoassets
businesses registering with it.
The FCA consulted on the fees in CP19/29, suggesting a flat rate
of £5,000 for all businesses. In response to concerns raised
by respondents, the FCA has introduced a lower fee for businesses
within a lower income threshold and raised the fee for those in a
higher income threshold to compensate for the reduction in
revenue.
Accordingly, the charges will be:
