Hm Treasury
Detail of outcome
The government has confirmed its intention to legislate to bring certain cryptoassets into the scope of financial promotion regulations. This document summarises feedback to the consultation, and sets out further detail on how the government intends to regulate relevant cryptoasset promotions.
Original consultation
Consultation description
The government is consulting on a proposal to bring certain cryptoassets into the scope of financial promotions regulations.
Given developments in the cryptoasset sector during 2022, HM Treasury intends to make alterations to its proposal to bring certain qualifying cryptoassets into the scope of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529).
Specifically, it intends to reduce the implementation period from six to four months. It will also introduce a limited, bespoke exemption to the policy to ensure it meets its intended objectives.
