Treasury and FCA move to regulate the marketing of cryptoassets in a similar way to high risk investments.

Summary In a widely-anticipated development, HM Treasury (“HMT”) has announced its intention to widen the scope of the financial promotions regime in so far as it applies to cryptoassets. Hot on its heels, the Financial Conduct Authority (“FCA”) published Consultation Paper CP22/2 on strengthening its rules for marketing high-risk investments,…