UK’s FCA comes out with new crypto guidelines

The Financial Conduct Authority has released a new consultation paper where it details new guidelines on cryptocurrencies and clarifies the agency’s role of regulating them in the country. The UK’s financial regulator wanted to clarify the rules applying to assets such as unregulated and regulated tokens including the ones classified as securities. The main focus of the paper was the determination of FCA’s role in the industry and the obligations that crypto companies will have to face in the coming months. One of the key points was the importance of the EU Fifth Anti Money Laundering Directive which could potentially