The UK government has released its final regulatory framework for crypto asset regulation, which was developed based on input from businesses, experts, and market events. The framework aims to include various crypto asset activities within the financial services regulatory framework and requires authorization for firms dealing with UK retail consumers. The goal is to make the UK a global hub for crypto asset technologies and attract crypto asset businesses. The framework also outlines the authorization process for firms involved in crypto asset activities, including specific admission standards and disclosure requirements. The UK Treasury collaborated with various stakeholders during the consultation process and made changes to the framework based on their input. The regulations will not affect already regulated crypto assets, such as security tokens, and NFTs that are more of a collectible or artwork than a financial product. The framework does not include regulations for decentralized finance (DeFi) at this time but supports international efforts in this area. In a separate document, the UK Treasury announced plans to regulate fiat-backed stablecoins in payment chains and the issuance and custody of such stablecoins. Secondary legislation is expected to be introduced in early 2024.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.