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Section 418(6C)

FSMA 2000

The tenth case is where— the regulated activity being carried on by the person (“A”) is a regulated cryptoasset activity, A is involved in the sale or subscription of a qualifying cryptoasset to, or by, a consumer (“C”), and there is no person who— is authorised under Part 4A of this Act to carry on a regulated cryptoasset activity of a kind referred to in subsection (6D)(a) or (b), is carrying on that activity in relation to the sale or subscription mentioned in paragraph (b), and in doing so, is acting as an intermediary between A and C.

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Source: legislation.gov.uk · retrieved 2026-09-04