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HM Treasury - UK cryptoasset legislation update

  • 1.  HM Treasury - UK cryptoasset legislation update

    Posted 3 days ago

    As published this week, The Treasury is working on a wave of reforms for UK cryptoasset firms, due to come into force from 2027.

    GOV.UK update link

    Key points:

    2
    Also -
    • Cryptoassets firms will be backed to innovate and grow under plans to make the UK a global destination for digital assets and attract more investment. 
    • Firm and proportionate rules will come into force from 2027, giving firms legal clarity over the sector's regulatory position and boosting consumer confidence by ensuring consumers are robustly protected. 
    • The changes mean that firms will need to be regulated by the Financial Conduct Authority in the same way as other providers of financial products – including being subject to established transparency standards. 

    - Todor



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    Todor Kostov
    Director
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