Section 3ZA(5)

For the purposes of paragraph (3)(a)(ii)— other assets do not include the cryptoasset itself; the holding of fiat currency or another asset for the purpose of maintaining a stable value does not include the holding of assets by a person carrying on the activity described in article 5 of the Regulated Activities Order (accepting deposits), whether authorised or not, for the purpose of complying with its general prudential requirements or meeting its liabilities generally.

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