Financial services regulation Part 2: The regulated activities

Abstract

Building on the conclusion that cryptoassets ought to be treated, in law, as a form of personal property, this chapter delves into the range of regulated activities under FSMA 2000, and highlights which specified activities might be undertaken on a distributed ledger through the use of cryptoassets and to what effect. It finds that those cryptoassets that fall within the definition of securities or e-money, will often fall within the scope of existing regulation.