UK Takes Steps Towards Legal Clarity for Cryptos—Does Not See Utility Token As Securities198

The United Kingdom’s Financial Conduct Authority (FCA) released a ‘consultation paper’ on Jan. 23rd as part of its next step on working with crypto assets. It sets out details on where different types of crypto assets might fall in the regulatory perimeter.

This consultation paper allows the public to give feedback on the proposed measures that the FCA is taking in regards to classifying and regulating cryptocurrencies. The consultation phase will close on Apr. 5th.

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