Miscellaneous Cryptoassets
Section 69 amends FSMA 2000. It amends the definitions of "investment" for the purposes of section 21 of FSMA 2000, which allows HM Treasury to prohibit unauthorised persons from issuing financial promotions, and section 22 of FSMA 2000, which allows HM Treasury to make provision as to the classes of regulated activity and types of investment that are regulated under FSMA 2000. In doing so, it ensures that HM Treasury’s powers under sections 21 and 22 of FSMA 2000 can be used to regulate cryptoassets.
	Section 69(4)(a) inserts a new definition of "cryptoasset" to section 417 of FSMA 2000. Per sections (4)(b) and (5), HM Treasury may amend this definition by SI subject to the affirmative Parliamentary procedure.