Cryptoasset Risks by Token Types
As the crypto landscape continues to evolve, so too do the regulatory standards governing its promotion and use. Since October 8, 2023, the Financial Conduct Authority (FCA) has mandated a number of rules that will apply to the promotion of cryptoassets in the UK.
Any cryptoasset promotion issued in the UK, however communicated, will need to be fair, clear and not misleading and include relevant risk warnings that are specific to the cryptoassets being promoted.
The FCA has provided a standard risk summary, but in some cases it won’t be appropriate because of the products or services you might be offering... queue this handy guide.
Download our guide
We delve into the intricacies of various cryptoasset types, including stablecoins, defi tokens, wrapped tokens, meme coins, and staking, shedding light on their associated risks and the appropriate risk warnings.
We provide simplified explanations of each cryptoasset, including the Flesch-Kincaid Grade Level and approximate age for reading, making sure you understand why this wording meets the Consumer Duty requirements.
Englebert is committed to keeping you well-informed and compliant in a dynamic market. If you have any questions for us - don’t hesitate to get in touch!