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 –
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