Source · Select Committees · Treasury Committee
Recommendation 47
47
Paragraph: 204
While we acknowledge the need to ensure that the gateway for registration of cryptoasset firms...
Recommendation
While we acknowledge the need to ensure that the gateway for registration of cryptoasset firms for anti-money laundering should be a rigorous process, registration has been too slow. It needs to be speeded up, and the Government should work with the FCA to find a solution. The FCA should not extend the deadline for registration again beyond March 2022. If the FCA sees no alternative, it should write to the Committee to explain its position.
Paragraph Reference:
204
Government Response
A response document is linked to this report, dated 28 April 2022. Response attribution to this recommendation has not been verified. Read the response document ↗