OpenLegislation

Regulation 10 Prohibition of public offers of qualifying cryptoassets

Original text. Later amendments are not shown.

(1)

It is unlawful for a qualifying cryptoasset to be offered to the public in the United Kingdom unless—

(a)

the offer is of a kind specified by Part 1 (exceptions from prohibition of offers to the public) of Schedule 1, or

(b)

the offer is of a kind that consists entirely of a combination of two or more of the kinds of offer specified by that Part of that Schedule.

(2)

Part 2 (supplementary provisions relating to Part 1) of Schedule 1 contains provision supplementing Part 1 of that Schedule.