With new provisions in effect beginning August 29, 2023, the UK’s regulatory framework for digital assets begins to take shape.
FSMA 2023 explicitly brings cryptoassets within the FCA’s regulatory perimeter and creates a...more
8/30/2023
/ Bank of England ,
Cryptoassets ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
FSMA ,
Money Laundering ,
New Regulations ,
Stablecoins ,
UK ,
UK Regulated Activities Order (RAO Amendments)
On 17 March 2020, the UK government announced a rescue package worth £330 billion to assist businesses struggling with the ‘economic emergency’ caused by the coronavirus pandemic in the UK. These measures, outlined by the...more