United Kingdom: Consultation opened into the crypto-asset industry

On 12 July 2022, the UK Parliament opened a consultation into the crypto-asset industry in the UK until 12 September 2022. The consultation covers the crypto-asset industry in the UK, including risks and opportunities for consumers, businesses and the government. The consultation further inquires how distributed ledger technology influences the financial structure of the UK market and financial institutions such as the central bank. Finally, the consultation summarises regulatory and legislative responses by the UK Government, the FCA, and the Bank of England.