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Stablecoins United Kingdom Regulatory Reform

A&O Shearman

FSB chair letter on global outlook and priorities

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The Financial Stability Board (FSB) has published a letter from Andrew Bailey, Governor of the Bank of England, who was appointed chair of the FSB from 1 July. In the letter, the chair confirms his commitment to the FSB's...more

Hogan Lovells

UK Mansion House 2025: What this means for digital assets and tokenisation

Hogan Lovells on

The UK government’s latest communications on 15 July 2025 in connection with the Chancellor’s annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness Strategy, signals the government’s...more

Hogan Lovells

Bank of England: an update on the digitalisation of finance

Hogan Lovells on

On 2 July 2025, the Bank of England published a speech delivered by Sasha Mills (Executive Director, Financial Market Infrastructure) at City Week 2025. The speech signals the Bank's support for the digitalisation of...more

Morgan Lewis

Fiat-Backed Stablecoin Regulation Compared: UK, EU, Hong Kong, and US

Morgan Lewis on

This LawFlash compares the regulatory requirements (as currently proposed or established) on single fiat-backed stablecoin issuers in the United Kingdom, European Union, Hong Kong, and the United States....more

A&O Shearman

FCA consults on stablecoin issuance and custody of cryptoassets

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published consultation paper CP25/14 (CP) on stablecoin issuance and cryptoasset custody, accompanied by an updated webpage. This follows the FCA's discussion paper published in...more

A&O Shearman

FCA discussion paper on regulating cryptoasset activities

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The UK Financial Conduct Authority (FCA) has published a discussion paper (DP25/1) on proposals for regulating cryptoasset activities, with a new webpage and press release. The FCA is seeking to develop a safe, competitive...more

Katten Muchin Rosenman LLP

UK Cryptoassets: Draft Legislation and FCA Discussion Paper Published

On 29 April, UK Chancellor Rachel Reeves announced the publication by HM Treasury of near-final legislation to bring cryptoassets within the scope of the UK’s regulatory perimeter. Shortly after, on 2 May, the UK Financial...more

A&O Shearman

The UK Future Cryptoasset Regulatory Framework

A&O Shearman on

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

Hogan Lovells

UK: FCA issues Discussion Paper on regulating new cryptoasset activities

Hogan Lovells on

Following the recent publication by the UK Government of draft legislation which will bring cryptoassets within the regulatory perimeter, the Financial Conduct Authority has now issued a Discussion Paper inviting feedback on...more

Hogan Lovells

UK: HMT publishes draft Statutory Instrument on cryptoasset activities

Hogan Lovells on

The UK government has published long-awaited draft legislation setting out how the regulatory perimeter will be expanded to include cryptoassets, with the introduction of new regulated activities relating to cryptoassets,...more

Skadden, Arps, Slate, Meagher & Flom LLP

HM Treasury Publishes Draft Legislation Establishing Financial Services Regulatory Regime for Cryptoassets in the UK

On 29 April 2025, HM Treasury published near-final draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, along with a policy note explaining the intended policy outcomes of the...more

A&O Shearman

Investigations update: Hong Kong authorities ramp up enforcement in virtual assets and other sectors

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Hong Kong has seen cryptocurrencies grow in popularity, highlighting the need for appropriate licensing regimes (implemented in the form of virtual asset service providers (VASPs)), bolstered by active enforcement actions. ...more

White & Case LLP

FCA DP23/4: UK Regulation of Stablecoins

White & Case LLP on

On 6 November 2023, the UK Financial Conduct Authority ("FCA") set out proposals for its regulation of fiat-backed stablecoins ("DP 23/4"). DP 23/4 invites stakeholders to provide feedback by 6 February 2024....more

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