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BCLP says it published a guide to FCA crypto authorization
BCLP said it published a guide by Suhail Mayor and Samantha Paul on preparing applications for the Financial Conduct Authority’s cryptoasset regime. The firm said the guide sets out regulatory expectations and preparation steps for businesses assessing the permissions they will need under the new framework.
Key points
- BCLP organized the guide around seven regulatory pillars and five application preparation steps.BCLP
- The firm distinguished money laundering registration from authorization under the Financial Services and Markets Act.BCLP
- BCLP included stablecoin issuance, safeguarding, trading platforms, dealing and staking in its activity mapping.BCLP
- The firm’s preparation steps include gap analysis, a coherent business plan and engagement with the FCA.BCLP