UK sets out plans to regulate crypto and protect consumers
February 09, 2023
On 1 February 2023, HM Treasury issued its latest proposals concerning the regulation of cryptoassets. These proposals build on HM Treasury’s previous work which focused on stablecoins and the financial promotion of cryptoassets. They deliver on the government’s announcement last April setting out plans for the UK to become a global hub for cryptoasset technology. The government has already started to lay the legislative foundations to bring stablecoins and cryptoassets into financial services regulation via the Financial Services and Markets Bill (FS&M Bill).