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

On 30 April 2023, the Government of United Kingdom closed its public consultation titled "Future financial services regulatory regime for cryptoassets", containing proposals for operational license requirements in relation to cryptoassets. 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.