UK consultation on crypto-assets and stablecoins

The UK’s HM Treasury released a consultation document and call for evidence on crypto-assets and stablecoins.

The 46-page consultation document “represents the first stage in the government’s consultative process with industry and stakeholders on the broader regulatory approach to cryptoassets and stablecoins. It seeks views on how the UK can ensure its regulatory framework is equipped to harness the benefits of new technologies, supporting innovation and competition, while mitigating risks to consumers and stability. Additionally, this document includes a call for evidence on investment and wholesale uses of cryptoassets, and the broader use of DLT in financial markets.”

Comments should be submitted before midnight on 21 March 2021. The consultation document can be downloaded here.

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