Video guides for cryptoasset firms applying for authorisation | FCA

Watch our video series to learn about the prudential framework for cryptoasset firms, how to complete an overall risk assessment, and the threshold conditions firms must meet when applying for authorisation.

The prudential framework: Part 1

We introduce the prudential framework, explain where to find the relevant rules and outline how they apply to cryptoasset firms.

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The prudential framework: Part 2

We explain the prudential requirements for cryptoasset firms, how the rules apply and what firms should consider when preparing an application for authorisation. Our guidance sets out our financial expectations for firms at the application stage.

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Completing the overall risk assessment

Find out the purpose of the overall risk assessment, the relevant requirements and how cryptoasset firms should complete it as part of an application for authorisation. For further guidance refer to COREPRU and CRYPTOPRU.

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Threshold conditions with Val Smith, head of authorisations: Part 1

In this video, Val Smith explains the threshold conditions that cryptoasset firms must meet when applying for authorisation. She covers business models, appropriate resources, regulatory business plans and the importance of providing clear, consistent information.

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Threshold conditions with Val Smith, head of authorisations: Part 2

In this video, Val Smith discusses how the threshold conditions relating to suitability, the location of offices and effective supervision apply to cryptoasset firms seeking authorisation. For further guidance on location refer to our approach to international cryptoasset firms.

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Further video guides

We have also published video guides covering how to improve applications for authorisation or registration as a payments or digital asset firm.

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