Description

Amendment to Financial Services and Markets Bill to include Cryptoassets

On 21 October 2022, an amendment to the Financial Services and Markets Bill was introduced in the House of Commons by MP and Financial Secretary to the Treasury Andrew Griffith. The amendment aims to expand the Treasury's powers to regulate the cryp…

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

On 20 July 2022, the Financial Services and Markets Bill, including updated regulation of digital m…

2022-10-21
under deliberation

On 21 October 2022, an amendment to the Financial Services and Markets Bill was introduced in the H…

2023-06-29
adopted

On 29 June 2023, the Financial Services and Markets Bill received Royal Assent. The Bill has been u…