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ARTICLE · 06 NOVEMBER 2023

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UK Government Confirms Final Proposals For Cryptoasset Regulation

Brown Rudnick LLP
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On 30 October 2023, the U.K. Government published a series of reports outlining its responses to earlier consultations on the regulation of cryptoassets.

United StatesTechnology
Jessica Lee
Jessica Lee
Menelaos Karampetsos
Menelaos Karampetsos

On 30 October 2023, the U.K. Government published a series of reports outlining its responses to earlier consultations on the regulation of cryptoassets:

  1. Response to the consultation and call for evidence to the future financial service regime for cryptoassets.1
  2. Update on plans for the regulation of fiat-backed stablecoins.2
  3. Response to the consultation on managing the failure of systemic digital settlement asset (including stablecoin) firms.3

The reports are part of the government's panoply of measures and initiatives to regulate cryptoassets and include its final proposals in this area. Key outcomes from the reports are summarised below.

Response to the consultation and call for evidence to the future financial service regime for cryptoassets

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