I don't normally do peer to peer trading but today or yesterday was the cut off for operations if you do (apparently) and the cut off for emergency declarations was December.
I'm just confused on the whole process and was wondering if someone was given any more information in case I decide to trade again and register at some point (won't be doing that for a while though).
this is the registration portal:
https://www.fca.org.uk/firms/connectgeneral info about what you'll need to do:
https://www.fca.org.uk/cryptoassets-aml-ctf-regime/registerit looks very invasive and tedious.
fortunately, it looks like you only need to register if your trading would be categorized as a commercial business. this is what that determination comes down to:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNgithQC.png&t=665&c=pdN9QLWaFnr8sQ)
unfortunately, i doubt there's much info out there establishing exactly what they consider to be "regular/frequent" activity. i'm struggling with the same thing with american/FINCEN regulations---there is a frequency element, but they don't tell you what triggers it.
It's interesting to see that Singapore has been brought in as one of the countries that needs to comply with it yet I don't see binance enforcing kyc yet.
binance, kucoin, bybit..... none of them are really based in or registered in singapore. more like the seychelles or cayman islands. they just say stuff like that to appear legitimate.