United Kingdom: Consultation opened on Future financial services regulatory regime for cryptoassets including operational license requirements

On 1 February 2023, the Government of United Kingdom opened a public consultation titled "Future financial services regulatory regime for cryptoassets", containing proposals for operational license requirements in relation to cryptoassets, until 30 April 2023. The proposals would make certain cryptoasset-related financial activities, such as operating cryptoasset trading venues and lending platforms or providing intermediary or custodian services subject to prior authorisation.