News & Analysis as of

Digital Assets Stablecoins HM Treasury

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, May 2025

Hogan Lovells on

Key developments of interest over the last month include: draft legislation to regulate BNPL credit in the UK (in contrast to the de-prioritising of enforcement of BNPL regulatory breaches in the US); final confirmation of UK...more

Skadden, Arps, Slate, Meagher & Flom LLP

A New Regime Governing Stablecoins

On 6 November 2023, the Bank of England (the UK’s central bank) issued a discussion paper on the regulation on stablecoins, alongside another paper by the UK Financial Conduct Authority (FCA) (DP23/4) and a “Dear CEO” letter...more

Hogan Lovells

UK Government policy updates: Regulation of fiat-back stablecoins and failure of systemic DSA firms

Hogan Lovells on

On 30 October 2023, the UK government published an update on its legislative approach for regulating fiat-backed stablecoins, following on from its consultation on the UK regulatory approach to cryptoassets and stablecoins in...more

A&O Shearman

UK To Bring Stablecoins Used for Payments Under Regulation

A&O Shearman on

Following the call for evidence issued in January 2021, the U.K. government has confirmed that it will bring the issuing or facilitating the use of stablecoins used as a means of payment into the U.K. regulatory perimeter, in...more

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