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

Description

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.

Original source

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2023-02-01
in consultation

On 1 February 2023, the Government of United Kingdom opened a public consultation titled "Future fi…

2023-04-30
processing consultation

On 30 April 2023, the Government of United Kingdom closed its public consultation titled "Future fi…

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