Financial Conduct Authority (FCA), Stablecoins, Financial Markets

The Payments Newsletter including Digital Assets & Blockchain, August 2025

Hogan Lovells on 8/28/2025

Key developments of interest over the last month include: the U.S. Consumer Financial Protection Bureau's decision to restart the open banking rulemaking process; the UK FCA's publication of a policy statement with final...more

Bank of England's FPC publishes July financial stability report

A&O Shearman on 7/22/2025

The Bank of England's Financial Policy Committee (FPC) has published its July financial stability report alongside the record of its 27 June meeting. After assessing the risks to the UK financial system, the FPC reports that...more

Provisions Relating to Digital Assets under the Financial Services and Markets Act 2023 Come into Force

Pillsbury Winthrop Shaw Pittman LLP on 8/30/2023

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

UK Financial Services and Markets Bill 2022

A&O Shearman on 8/2/2022

The recently published Financial Services and Markets Bill (FSM Bill) is intended to recast the U.K.’s regulatory architecture post-Brexit. It was introduced to Parliament on 20 July 2022. The Bill implements the outcomes of...more

UK Treasury Moves Forward with Plans to Regulate Stablecoins for Payments

Alston & Bird on 4/14/2022

Our Financial Services & Products London Team examines the UK’s foray into the regulation of cryptoassets in its effort to be ‘a global hub’ for crypto-companies....more

The UK’s Plan to Become a Global Crypto Hub

Cadwalader, Wickersham & Taft LLP on 4/12/2022

On April 4, 2022, the UK government announced plans to become a “global hub” for the cryptoasset industry with proposals for the regulation of stablecoins, development of an NFT (non-fungible token) issued by the Royal Mint,...more