You are viewing CRYPTO 2.2 General requirements as it appeared on 25/10/2027. The current version of CRYPTO 2.2 General requirements was last updated on 25/10/2027.

CRYPTO 2.2 General requirements

Building a qualifying stablecoin

25/10/2027R

A firm must understand and appropriately manage the risks associated with the design and build of a qualifying stablecoin.

25/10/2027R

Subject to CRYPTO 2.2.3R, a process by which a firm can demonstrate that it understands and has appropriately managed the risks associated with the design and build of a qualifying stablecoin must be carried out before the firm offers a qualifying stablecoin for sale or subscription (within the meaning of article 9M of the Regulated Activities Order).  

25/10/2027R
  1. (1) In respect of pre-issued stablecoins, the process in CRYPTO 2.2.2R must be carried out as soon as is reasonably practicable after 25 October 2027.
  2. (2) Where a firm becomes a qualifying stablecoin issuer by assuming obligations to the holder of a qualifying stablecoin under the process in article 9M(4)(b) of the Regulated Activities Order, the process in CRYPTO 2.2.2R must be carried out as soon as is reasonably practicable after that assumption.
Point In Time
25/10/2027