United Kingdom: Introduced Financial Services and Markets Bill including stablecoin regulation
Description
Introduced Financial Services and Markets Bill including stablecoin regulation
On 20 July 2022, the Financial Services and Markets Bill, including updated regulation of digital means of payment, was introduced in the UK Parliament. The Bill gives the Treasury expanded powers to regulate the use of digital settlement assets (DS…
Scope
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2022-07-20
under deliberation
2022-10-21
under deliberation