Progress

Current status
in consultation
30 Oct 2023 under deliberation
04 Apr 2022 under deliberation
21 Mar 2021 processing consultation
07 Jan 2021 in consultation

Scope

Implementers
United Kingdom
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
central government
Implementation Level
national

Timeline of events

30 Oct 2023
under deliberation

Published Update on Plans for the Regulation of Fiat-backed Stablecoins

On 30 October 2023, the UK Treasury published its revised plans for regulating fiat-backed stablecoins in the UK, aimed at enabling their use in payment systems. The new rules will be presented to Parliament in 2024, shifting oversight of fiat-backe…

Source
Event type outline
Action type announcement
Government branch executive
Government body other regulatory body
04 Apr 2022
under deliberation

Published response to the consultation on UK regulatory approach to cryptoassets and stablecoins

On 4 April 2022, the UK government published its response to the consultation on the regulatory approach to cryptoassets and stablecoins, which was held between 7 January 2021 and 21 March 2021. The response proposes to bring certain types of stable…

Source
Event type order
Action type opinion
Government branch executive
Government body central government
21 Mar 2021
processing consultation

Consultation closed on UK regulatory approach to cryptoassets and stablecoins

On 21 March 2021, the UK government closed its consultation on its proposed regulatory approach to cryptoassets and stablecoins, which was opened on 7 January 2021. The consultation seeks views on how the regulatory framework can harness the benefit…

Source
Event type order
Action type consultation closed
Government branch executive
Government body central government
07 Jan 2021
in consultation

Consultation opened on UK regulatory approach to cryptoassets and stablecoins

On 7 January 2021, the UK government published a consultation on its proposed regulatory approach to cryptoassets and stablecoins. The consultation seeks views on how the regulatory framework can harness the benefits of cryptocurrencies, support inn…

Source
Event type order
Action type consultation opened
Government branch executive
Government body central government