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OFSI General Licence INT/2024/4761108 amended
On 16 April 2026, the Personal Remittances General Licence (INT/2024/4761108), which allows non-designated persons to make or receive permitted payments via a designated credit or financial institution up to a certain limit, was amended to:
- include a new definition of “cryptoasset” – a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.
- include a new reporting requirement for any person using cryptoassets to make or receive payments under the licence.
The licence now expires on 23 February 2028.
Any persons intending to use General Licence INT/2024/4761108 should consult the copy of the Licence for full details of the permissions and usage requirements.
Here’s the General Licence: