Cryptoasset promotions

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.