On 29 April, the UK government published draft legislation which will bring currently unregulated cryptoassets, including stablecoins, within the scope of financial services regulation. This is the first of a number of...more
5/5/2025
/ Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Licensing Rules ,
New Legislation ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Stablecoins ,
UK
In this edition of our "MiCAR under the microscope" series, we examine the prudential requirements, with a specific focus on the capital requirements that are applicable to issuers of ARTs and EMTS and CASPs under Regulation...more
In the past week, we have seen the possible end to the ‘crypto winter’ in the United States, with the Trump Administration signaling that a range of pro-crypto reforms are ahead. These signals, which will likely develop into...more
1/29/2025
/ CFTC ,
Compliance ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
FDIC ,
Financial Services Industry ,
FinTech ,
IRS ,
Legislative Agendas ,
Presidential Appointments ,
Proposed Legislation ,
Regulatory Agenda ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Trump Administration
on December 16, 2024, the FCA published its discussion paper (DP) ‘Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets’, marking another step forward in the development of the UK’s...more
12/18/2024
/ Admissions ,
Capital Markets ,
Cryptocurrency ,
Disclosure ,
Disclosure Requirements ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Market Abuse ,
Regulatory Agenda ,
UK
The Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR) has further expanded the panel of regulated entities by introducing the regulatory status of Issuers of Asset Reference Tokens (ART Issuers) and crypto-asset...more
12/12/2024
/ Acquisitions ,
Asset Tokens ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Regulatory Reform ,
Financial Services Industry ,
Regulatory Agenda ,
Taxonomy ,
Technology ,
UK ,
UK Cryptoassets Taskforce
On 1 September 2024, the Qatar Financial Centre (QFC), Qatar’s onshore business and financial centre, published its new Digital Asset Regulations 2024 and accompanying laws, rules and guidelines (the DA Regime). The DA...more
To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of...more
The huge expansion of crypto-assets over recent years and the popularity of their underlying technology (distributed ledger technology (DLT) or blockchain) have come with their share of challenges, including a significant...more
12/15/2023
/ Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
Financial Markets ,
Financial Regulatory Reform ,
Regulatory Agenda ,
Stablecoins ,
UK ,
Virtual Currency
The Digital Euro project is the European Central Bank’s (ECB) response to the changing landscape of consumer payments, driven by the rise of cryptocurrency, payment fintechs and electronic transactions. A Digital Euro would...more
8/7/2023
/ Central Bank Digital Currency (CBDCs) ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Digital Markets Strategy ,
EU ,
European Central Bank ,
Financial Institutions ,
Financial Regulatory Reform ,
Popular ,
Regulatory Agenda
The European Commission has chosen the path of regulation for crypto-assets. This is with the aim of supporting innovation and fair competition, and ensuring a high level of consumer and investor protection and market...more
On 27 March 2023, the UK’s HM Treasury published draft legislation – The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (the Order). The Order will extend the ‘financial promotion’...more