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<p>In October 2018 HM Treasury, the Bank of England and the Financial Conduct Authority
(FCA) released the final report of the Cryptoasset Taskforce.</p><p>The government
continues to endorse the approach set out in the report, including its recommendations,
as the right way to facilitate innovation while protecting consumers and firms. To
date, a number of steps have been taken to implement the report’s recommendations,
with others to follow.</p><p>For instance, the FCA has consulted and issued final
guidance on the regulatory perimeter in relation to cryptoassets, and HMT has consulted
on the transposition of the 5<sup>th</sup> Anti-Money Laundering Directive (5AMLD).</p>
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