HM TREASURY CONSULTS ON UK REGULATORY APPROACH TO CRYPTOASSETS AND STABLECOINS

On 8 January, an article from Hogan Lovells examined a paper issued on 7 January and what the proposals entail, and why the consultation represents an important opportunity to provide clarity in this space.  The paper follows a consultation which closed in October and the Chancellor committing to consulting on bringing cryptoassets within the scope of financial promotions regulations; and consulting on broader regulatory approaches to cryptoassets and stablecoins.  The paper consists of a further consultation until 21 March on the current regulatory landscape for cryptoassets, and puts forward a policy with specific proposals regarding the regulation of cryptoassets for payments purposes.  There is also a call for evidence covering a broad range of questions in relation to cryptoassets.

The paper is at –

https://www.gov.uk/government/consultations/uk-regulatory-approach-to-cryptoassets-and-stablecoins-consultation-and-call-for-evidence

https://www.engage.hoganlovells.com/knowledgeservices/news/hm-treasury-consults-on-uk-regulatory-approach-to-cryptoassets-and-stablecoins

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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