The UK Financial Conduct Authority (FCA) has announced a ban on the sale of crypto-derivatives and exchange traded notes (ETNs) that reference certain types of crypto-assets (crypto-ETNs) to retail consumers. Firms who carry out marketing, distribution or selling activities in or from the UK of the relevant products to retail clients, will need to comply with these rules by 6 January 2021.
The Legal Statement aims to offer the embryonic crypto-asset sector the best possible answers to important private law questions under English law.
Implementation of the EU’s Fifth Money Laundering Directive on 10 January 2020 is now fast approaching.
IOSCO has published a consultation on the supervision of platforms which trade crypto-assets.