HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
The United Kingdom’s Financial Conduct Authority (FCA) finalised a policy statement Wednesday on the kinds of crypto-related products that fall under its regulatory remit.
The final guidance, which does not address pending anti-money laundering (AML) obligations for crypto-related firms, clarifies that the FCA has supervisory authority over security tokens, which function similarly to specified investments, and certain utility tokens that serve as e-money. Cryptocurrency exchanges, however, fall outside of the agency’s purview, according to the guidance.
Read more at KYC360.