HM Treasury Publishes Draft Legislation Establishing Financial Services Regulatory Regime for Cryptoassets in the UK
By EsqSocial Corporation 01/05/25
On 29 April 2025, HM Treasury published near-final draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, along with a policy note explaining the intended policy outcomes of the legislation. The legislation implements many of HM Treasury’s proposals from its October 2023 paper. It marks a significant step in the regulation of cryptoassets in the UK, bringing them within the regulatory perimeter for financial services. Below, we provide an overview of...
By: Skadden, Arps, Slate, Meagher & Flom LLP