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ARTICLE · 15 FEBRUARY 2019

Regulation Of Cryptoassets: Stifling Innovation Or A Catalyst For Growth?

Shepherd and Wedderburn
Shepherd and Wedderburn
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The Financial Conduct Authority (FCA) recently launched a consultation on its proposed guidance on cryptoassets (CP19/3) which can be read in full here.

United KingdomTechnology
Tom Swan
Tom Swan
Peter Alderdice
Peter Alderdice
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The Financial Conduct Authority (FCA) recently launched a consultation on its proposed guidance on cryptoassets (CP19/3) which can be read in full here.

The move comes as part of the UK Cryptoasset Taskforce's wider look into the regulation of the cryptoasset market.

The consultation follows a report published in October 2018 by the Taskforce, which consists of the Bank of England, HM Treasury and the FCA. Our discussion of that report can be read here.

The FCA notes that the UK cryptoasset market is still relatively nascent: cryptoassets are not yet widely used as a means of exchange within the UK and, after a boom in 2017 the amount of global Initial Coin Offerings (ICOs) declined in 2018,

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