Section 56(1)

Unless a person in respect of whom the registering authorities are required to maintain a register under regulation 54 is included in the appropriate register, or paragraph (2) or regulation 56A (transitional provision for existing cryptoasset businesses) applies, that person must not act as a— high value dealer; money service business; trust or company service provider; bill payment service provider; ... telecommunication, digital and IT payment service provider; cryptoasset exchange provider; or custodian wallet provider.

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