FSCA clarifies which trading activities require a licence
The declaration of crypto assets as a financial product does not affect financial services rendered in relation to crypto asset derivatives.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreThe declaration of crypto assets as a financial product does not affect financial services rendered in relation to crypto asset derivatives.
The contraventions were a result of a misinterpretation of the legal position.