COBS 17.2.2.

For the purposes of determining whether, in its opinion, a Virtual Asset meets the requirements of being an Accepted Virtual Asset, the Regulator will consider—

(a) a maturity/market capitalisation threshold in respect of a Virtual Asset; and
(b) other factors that, in the opinion of the Regulator, are to be taken into account in determining whether or not a Virtual Asset meets the requirements to be considered appropriate for the purposes of an Authorised Person conducting a Regulated Activity in relation to Virtual Assets.
Amended on (24 February, 2020).