How can licensees obtain an approval in order to make use of distributed ledger technology (DLT)?

Any licensee that wishes to obtain an approval shall apply in the following manner, through the Licensee Portal:

(i) Prospective licensees need to apply for an approval to accept DLT assets and, or use innovative technology arrangements as part of a ‘New Licence Application’;

(ii) Existing licensees can apply for approval for the acceptance of DLT assets through the application type ‘Operational – Payment Methods’; and additional currencies can be added under the already approved payment method with the application type ‘Updated Documentation’.

(iii) Existing licensees can apply for an approval for the use of innovative technology arrangements through the application type ‘Technical – Changes to Key Essential Components’.