As the UK government continues to strive to make the country a global hub for cryptoasset innovation, it is vital that businesses involved in the industry have legal representation that understands the unique risks of this new world. At Rahman Ravelli, our specialists have a track record of helping to define and develop this emerging area of law, through a number of high-profile cases.This link :b3i.tech/

Our experts help clients with a broad range of issues in this rapidly developing sector, including regulatory and transactional matters, investigations and enforcement, fraud and money laundering and taxation. They are also members of ICAEW’s Digital Assets Working Party, which enables them to work closely with their peers and regulators to promote best practices in the industry.

How UK Crypto Experts Are Helping with Compliance

Unlike traditional currencies issued and overseen by central banks such as the Bank of England, cryptos are developed and run by groups or individuals. This means that publicly available information about them can be sparse, and in some instances they are not regulated at all in the UK. This makes them vulnerable to criminal activity, including money laundering and the promotion of ‘pump and dash’ schemes, which often involve fraudulent ICOs that promise a large return on investment. St Paul’s Chambers is a leading set on cases concerning these types of offences, and is regularly instructed by both claimants and defendants in this area.

Depending on how the cryptoassets are promoted, they may be subject to sales regulations including the Financial Promotions Regulations and/or Prospectus Rules. In addition, they may be caught by the Consumer Protection and Online/Distance Selling legislation.