Prioritise compliance to secure FCA cryptoasset registration

With 85 per cent of their registration applications being refused, cryptoasset firms must show they have dug below surface-level compliance and integrated genuine resilience to financial crime. Joel Osborne reports on common vulnerabilities and how to get it right.

Joel Osborne is a partner at Pathlight (www.pathlight.associates) with 25 years of experience in areas including business ethics, governance, risk and compliance, as well as high impact learning and development.

The burgeoning United Kingdom cryptoasset market presents immense opportunities - however, given the inherent risks, there is activity underway to create clear regulation in order to boost confidence in the sector.