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@ The British Blockchain Association
2025-04-30 10:20:13
📍Yesterday, HM Treasury published the draft statutory instrument (SI) and policy note for the new regulated activities regime for cryptoassets, towards bringing cryptoassets within the UK’s financial regulatory perimeter.
In October 2023, HM Treasury published detailed proposals for creating a UK financial services regulatory regime for cryptoassets, including stablecoin.
On 21 November 2024, the government confirmed that it will proceed with introducing this regime, broadly in line with the previously published proposals.
This will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance, as well as market abuse and admissions and disclosures regimes.
The government is now publishing draft statutory provisions associated with the new regulated activities for cryptoassets, accompanied by an explanatory policy note.
The government will publish statutory provisions for the market abuse and admissions and disclosures regimes in due course.
https://www.gov.uk/government/publications/regulatory-regime-for-cryptoassets-regulated-activities-draft-si-and-policy-note