Are cryptoassets regulated by the FCA?

Could you elaborate on whether cryptoassets are subject to regulation by the Financial Conduct Authority (FCA) in the United Kingdom? As the crypto industry continues to grow and evolve, it's crucial to understand the regulatory framework surrounding these digital assets. Do the FCA have clear guidelines or rules governing cryptoassets, including cryptocurrencies, tokens, and any related financial products? If so, what are the key points that investors and businesses should be aware of to ensure compliance? Additionally, are there any exceptions or exemptions from regulation for specific cryptoassets or activities?