UK FCA Publishes Consultation Paper on a Prudential Regime for Cryptoasset Firms

Published concurrently with Consultation Paper 25/14 (CP 25/14) on the proposals for stablecoin issuance and cryptoasset custody in the UK, Consultation Paper 25/15 (CP 25/15) sets out the UK Financial Conduct Authority’s (FCA’s) proposed prudential regime for cryptoasset firms….
By: Skadden, Arps, Slate, Meagher & Flom LLP