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#FCA

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On January 18, 2022, the UK Treasury confirmed that it will bring certain cryptoassets into the scope of financial promotion regulation. The Treasury’s view is that the evidence of risks to consumers provides a strong case for intervention. Key points to note The Treasury proposes to define the scope of ‘qualifying cryptoasset’ as any cryptographically secured digital representation of value or contractual rights which is fungible and transferable, but this definition is still provisional and under…