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Cryptocurrency HM Treasury

Skadden, Arps, Slate, Meagher & Flom LLP

UK and EU H1 Digital Assets Regulatory Update

The first half of 2025 brought significant developments in the regulation of digital and cryptoassets in the UK and EU. In this half-year update, we review these and look ahead to likely developments in the UK and EU in the...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK FCA Publishes Consultation Paper on Stablecoin Issuance and Cryptoasset Custody in the UK

Following the publication by HM Treasury of the draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, on 28 May 2025 the UK Financial Conduct Authority (FCA) published Consultation...more

BakerHostetler

Weekly Blockchain Blog - May 2025

BakerHostetler on

U.S. Companies Continue Stablecoin Payment Integrations, Product Launches - According to a recent press release, a major multinational payment card services company has announced several new programs to support global...more

A&O Shearman

UK 2025 Regulatory Initiatives Grid published

A&O Shearman on

The Financial Services Regulatory Initiatives Forum (the Forum) has published the Regulatory Initiatives Forum Grid (the Grid), with the UK Financial Conduct Authority (FCA) also updating its webpage. The previous Grid was...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, March 2025

Hogan Lovells on

Key developments of interest over the last month include: the UK government publishing a pro-growth Action Plan for regulators and regulation, including pledges from the FCA of relevance to payments and digital assets firms;...more

Goodwin

Shielding Staking from UK Funds Regulation: The First Crypto Law of 2025

Goodwin on

In a previous alert, we identified that the definition of a collective investment scheme (CIS) could capture on-chain staking, and that the UK government, acting through the HM Treasury (HMT), was looking to clarify the...more

Hogan Lovells

The Payments Newsletter including Digital Assets and Blockchain, December 2024

Hogan Lovells on

Key developments of interest over the last month include: the U.S. Consumer Financial Protection Bureau publishing a final rule on federal supervision of Big Tech and other widely used digital payment apps; the UK FCA...more

A&O Shearman

Speech: UK government's Approach to Tokenization and Regulation

A&O Shearman on

HM Treasury has published a speech given on November 21, 2024, by Tulip Siddiq, Economic Secretary to the Treasury, on the U.K. government's approach to tokenisation and regulation. In the speech, Ms. Siddiq confirms that HM...more

Hogan Lovells

UK Mansion House speech and the National Payments Vision - what this means for digital assets and tokenization

Hogan Lovells on

The Chancellor of the Exchequer’s Mansion House speech on 14 November 2024 and the National Payments Vision—published on the same day—set out key policy initiatives regarding the future of the UK financial services sector....more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, February 2024

Hogan Lovells on

Key developments of interest over the last month include: the European Parliament’s ECON Committee adopting draft reports on the European Commission’s PSR and PSD3 legislative proposals; ESMA consulting on 'reverse...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Fund Tokenization: A Greenlight and Blueprint for Implementation

On 24 November 2023, the industry-led Technology Working Group of HM Treasury’s Asset Management Taskforce (Group) released an interim report (Report) outlining a strategic blueprint for the implementation of fund...more

A&O Shearman

UK Conduct Authority Consults on Regulating Fiat-Backed Stablecoins

A&O Shearman on

The U.K. Financial Conduct Authority has published a discussion paper regarding potential future proposals for regulating fiat-backed stablecoins, including when used as a means of payment. The FCA's paper follows the...more

Hogan Lovells

Bank of England discussion paper on regulatory regime for systemic payment systems using stablecoins

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As mentioned in HM Treasury’s October 2023 policy update on plans for regulating stablecoins, the Bank of England (Bank) has published a discussion paper providing more details on its proposed regulatory regime for systemic...more

Skadden, Arps, Slate, Meagher & Flom LLP

A New UK Cryptoasset Framework: UK Government Publishes Consultation Response

On 30 October 2023, the HM Treasury (HMT) published its much-anticipated response (Consultation Response) to its March 2023 consultation paper (Consultation) on the UK’s future financial services regime for cryptoassets....more

Goodwin

Crypto business in (and “to”) the UK: Further light on the new regulatory regimes

Goodwin on

The Response and Stablecoins Update confirm the core of HMT’s policy proposals in the General Consultation and Stablecoin Consultation, respectively, although they shine further light on the features of the regulatory regime....more

A&O Shearman

HM Treasury Publishes Response to Cryptoasset Regulatory Regime Consultation

A&O Shearman on

HM Treasury has published a response to its consultation on cryptoasset regulation, setting out its final proposals for the U.K.'s cryptoasset regulatory regime. The U.K. plans to make cryptoassets a new category of...more

Orrick, Herrington & Sutcliffe LLP

UK Government to regulate cryptoassets more strictly under a new regulatory regime

On October 30, the HM Treasury of the UK Government released a report titled “Future Financial Services Regulatory Regime for Cryptoassets,” confirming its plans to regulate digital assets more strictly. The regulatory...more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 2

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Katten Muchin Rosenman LLP

FCA Publishes Expectations on the Travel Rule for UK Cryptoasset Businesses

The Financial Conduct Authority (FCA) has published a statement (Statement) on its expectations for UK cryptoasset businesses (CBs) complying with the Travel Rule (as defined below). From 1 September 2023, CBs will be...more

A&O Shearman

UK Statutory Instrument Published to Bring Cryptoassets Within Financial Promotions Regime

A&O Shearman on

On 7 June 2023, the U.K. government published a statutory instrument (the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (FP (Amendment) Order) and related explanatory memorandum)...more

Katten Muchin Rosenman LLP

Financial Markets and Funds Quick Take | Issue 14

Daniel Davis Shares Views on Digital Asset Regulation During House Subcommittee Hearing - In testimony before the US House of Representatives Subcommittee on Commodity Markets, Digital Assets, and Rural Development, Daniel...more

A&O Shearman

Extension of financial promotion regime to cryptoassets – six key points

A&O Shearman on

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

Hogan Lovells

UK regulatory approach to cryptoassets: Draft SI amending the Financial Promotions Order

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Following on from HM Treasury’s consultation and call for evidence on the regulation of cryptoassets and an updated policy approach in relation to financial promotions, a draft version of the Financial Services and Markets...more

BCLP

From physical to digital - the advancements of a retail uk central bank digital currency

BCLP on

On 28 February 2023, the House of Commons Treasury Committee questioned representatives from the Bank of England (the “BoE”) on the latest developments on its plans for the proposed UK Central Bank Digital Currency (“CBDC”)....more

Hogan Lovells

Financial Institutions Horizons 2023

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The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more

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