The Lords voted 194-138 to require the Treasury to prepare, publish and consult on a digital assets strategy covering cryptoassets, stablecoins, CBDCs, tokenisation and access to banking and payment services.
The FCA authorisation gateway opens on 30 September, with the new cryptoasset regime due 25 October 2027. Firms are already preparing for a detailed rulebook while what the UK is trying to build is still being argued.
@Bitcoin Policy UK has been working across many of these same issues, including FCA regulation, stablecoins, digital identity, CBDCs and banking access.
If the Lords amendment survives the Commons, Treasury would have 12 months to produce an overarching strategy.
Regulation is already advancing but does the UK have a joined up strategy?
The bill is here:
https://bills.parliament.uk/bills/4129
The amendment is here:
https://bills.parliament.uk/bills/4129/stages/21082/amendments/10037304
The FCA authorisation gateway opens on 30 September, with the new cryptoasset regime due 25 October 2027. Firms are already preparing for a detailed rulebook while what the UK is trying to build is still being argued.
@Bitcoin Policy UK has been working across many of these same issues, including FCA regulation, stablecoins, digital identity, CBDCs and banking access.
If the Lords amendment survives the Commons, Treasury would have 12 months to produce an overarching strategy.
Regulation is already advancing but does the UK have a joined up strategy?
The bill is here:
https://bills.parliament.uk/bills/4129
The amendment is here:
https://bills.parliament.uk/bills/4129/stages/21082/amendments/10037304
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