Registration and authorisation scope for cryptoasset activities must be assessed against the current FCA framework. An explanation of the old regime is not automatically sufficient for new activities.
Define the activity
The service offered, the customer relationship and the jurisdiction are the starting point for assessment. Do not use registration, authorisation and regulatory approval interchangeably.
Control infrastructure
Identity verification and risk controls support specific parts of the operation. Using a provider does not guarantee a registration or authorisation outcome.
Track transitions
Check the FCA's current announcements for the new regime and transitional provisions. Do not present historical application or waiting periods as firm estimates for new applications.
This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.
See the related product scope → Crypto-asset platforms solution
Legichain — technology for identity verification, AML and blockchain screening. Contact: [email protected]