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Latham & Watkins LLP

UK Government Announces Draft Legislation for Regulating Cryptoassets

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On 29 April, UK Chancellor Rachel Reeves unveiled draft legislation aimed at regulating cryptoassets at the International Fintech Growth Summit (IFGS) in London, sponsored by Latham & Watkins. The proposed legislation...more

Cadwalader, Wickersham & Taft LLP

Regulation in Flux, March 2025 - UK Government Proposes Action Plan on a “New Approach To Ensure Regulators and Regulation Support...

The UK’s Treasury ("HMT") has set out an Action Plan to ensure that regulation promotes growth and investment. Noting that while regulation has many benefits, the UK’s current stance is hindering its international...more

A&O Shearman

Speech: UK government's Approach to Tokenization and Regulation

A&O Shearman on

HM Treasury has published a speech given on November 21, 2024, by Tulip Siddiq, Economic Secretary to the Treasury, on the U.K. government's approach to tokenisation and regulation. In the speech, Ms. Siddiq confirms that HM...more

Hogan Lovells

UK Mansion House speech and the National Payments Vision - what this means for digital assets and tokenization

Hogan Lovells on

The Chancellor of the Exchequer’s Mansion House speech on 14 November 2024 and the National Payments Vision—published on the same day—set out key policy initiatives regarding the future of the UK financial services sector....more

A&O Shearman

UK Conduct Authority Consults on Regulating Fiat-Backed Stablecoins

A&O Shearman on

The U.K. Financial Conduct Authority has published a discussion paper regarding potential future proposals for regulating fiat-backed stablecoins, including when used as a means of payment. The FCA's paper follows the...more

A&O Shearman

HM Treasury Publishes Response to Cryptoasset Regulatory Regime Consultation

A&O Shearman on

HM Treasury has published a response to its consultation on cryptoasset regulation, setting out its final proposals for the U.K.'s cryptoasset regulatory regime. The U.K. plans to make cryptoassets a new category of...more

Goodwin

Trading Venues in the UK: Regulatory Clarity for Fintech Providers; Implications for Crypto-Trading and DeFi?

Goodwin on

The UK Financial Conduct Authority (FCA) has published its policy statement PS23/11 (PS), containing final guidance (the guidance) on trading venues. A firm requires trading venue authorisation from the FCA if it operates...more

A&O Shearman

UK Proposals for Cryptoasset Regulation

A&O Shearman on

The U.K. government has published its much-anticipated proposals for regulating the cryptoasset industry. These proposals, currently in the form of a consultation, will see many (but not all) cryptoasset-related activities...more

A&O Shearman

Treasury Committee Inquiry: The Crypto-Asset Industry Report

A&O Shearman on

Innovate Finance and Shearman & Sterling has submitted a comprehensive evidence paper to the House of Commons Treasury Committee inquiry into crypto-assets. Analysis produced by Innovate Finance specially for the...more

A&O Shearman

HM Treasury Publishes Inquiry Into Crypto-Assets

A&O Shearman on

HM Treasury has launched an inquiry into the role of crypto-assets in the U.K. and their regulatory framework. The inquiry poses questions on a range of subjects, including the likelihood of digital currencies (e.g.,...more

A&O Shearman

Government Details Proposed Financial Services and Markets Bill

A&O Shearman on

Following the Queen's speech yesterday, the government has published a briefing pack setting out details of the bills that it intends to introduce, including the so-called Brexit Freedoms Bill as well as key legislation...more

Hogan Lovells

Global Payments Newsletter, April 2022

Hogan Lovells on

Key developments of interest over the last month include: HM Treasury announces package of crypto measures including next steps on UK regulatory approach to cryptoassets, stablecoins and DLT in financial markets; Philippines...more

Hogan Lovells

HM Treasury stablecoin regulation proposals aimed at positioning UK as global crypto hub

Hogan Lovells on

HMT has published its response to its January 2021 consultation and call for evidence on the UK regulatory approach to cryptoassets and stablecoins. The consultation response confirms the government’s intention to bring...more

Hogan Lovells

HM Treasury brings crypto further within the scope of financial services regulation

Hogan Lovells on

On 18 January 2022, HM Treasury published the results of its July 2020 consultation on cryptoasset promotions, and confirmed that the UK government will introduce measures that will effectively bring a wider range of...more

Orrick, Herrington & Sutcliffe LLP

UK Financial Regulatory Update: Developments and Potential Impacts for Financial Services Firms and Other Financially Regulated...

The turn of a new year has brought new UK regulatory developments that have the potential to significantly impact financial services and other financially regulated businesses. This update highlights the key changes in the UK...more

Latham & Watkins LLP

HM Treasury Kicks Off Financial Services Future Regulatory Framework Review

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Call for evidence on regulatory cooperation marks the first phase of the planned review. The Chancellor announced in the Spring Statement that HM Treasury would undertake the Financial Services Future Regulatory Framework...more

White & Case LLP

Financial Regulatory Observer – March 2019: FRO in-depth: The future of cryptoassets regulation

White & Case LLP on

Partners Julia Smithers Excell and Stuart Willey, and associate Laura Kitchen of global law firm White & Case take a deep dive on the latest publications from EU and UK regulators aimed at providing supervisory clarity on the...more

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