To what extent do you agree with the following statements:

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* 1. Current regulations of cryptoassets are sufficient to proportionately address the risks inherent in current and expected future use of cryptoassets.

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* 2. Security tokens should be regulated under the same rules as traditional securities.

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* 3. Utility tokens should be regulated.

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* 4. The regulatory status of stablecoins is clear

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* 5. Exchange tokens, when traded or used as a means of speculation, should be regulated under the same or similar rules as other financial instruments used for speculation. (Such as cash instruments or derivatives.)

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* 6. Exchange tokens, when used as a means storing value or making payments, should be regulated in the same way as cash deposits and payments.

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* 7. Changes need to be made to UK regulations to accommodate the use of exchange tokens as financial instruments used for speculation.  The most efficient way of doing this is via amendments to existing regulations.

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* 8. Changes need to be made to UK regulations to accommodate the use of exchange tokens as payment instruments.  The most efficient way of doing this is via amendments to existing regulations.

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* 9. Market abuse regulations are currently proportionate for cryptoassets.

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* 10. The perimeter in relation to UCIS and ICOs/STOs and UCIS and utility tokens respectively is clear and unambiguous.

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* 11. The crypto industry in the UK is well positioned for the implementation of MLD5.

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* 12. MLD5, given what we currently know about it, appears to be proportionate for the risks inherent in the cryptoassets industry.

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* 13. The UK is behind other leading financial services jurisdictions in its development of regulations for cryptoassets

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* 14. The UK is likely to lose business as a result of the slow rate of development of regulations to accommodate crypto.

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* 15. There is no point in creating regulations in the UK without international agreement and cooperation.

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* 16. The Consumer Credit regulations require amending, or further guidance provided, to cover the use of cryptoassets as collateral within consumer loans or when used as the currency of a consumer loan.

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* 17. The FCA’s proposed prohibition on the sale of derivatives and exchange traded notes referencing cryptoassets is appropriate and proportionate.

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* 18. We recognise that the FCA is in difficult catch-22 situation with cryptoassets.  Cyber risk is high, but while the FCA does not regulate technology it may still get blamed when it goes wrong.

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* 19. A completely different approach to the regulation of cryptoassets should be used compared to traditional financial regulation.  For example, an opt-in approach or a structure similar to that recently introduced in France.

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* 20. Please make any supporting comments or suggestions not covered by the above.

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* 21. If we were to use this survey more widely, what other questions should we be asking to get a complete picture?

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* 22. Name and Firm

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