UK sets out its stall for crypto-regulation

After years of anticipation, the Financial Services and Markets Bill - underpinned by the regulatory priorities announced by the Government as part of the Edinburgh Reforms - will finally create the detail for how the UK will regulate those who issue, trade and distribute cryptoassets. Emma Radmore examines HM Treasury's consultation on the future regulatory regime for cryptoassets and related initiatives.

Emma Radmore(legal director) is a member of Womble Bond Dickinson's financial services team in London. Contact her onemma.radmore@wbd-uk.com.

Where are we currently?

At the moment, the United Kingdom is only in the very initial stages of regulation of crypto-related activities. Regulation currently broadly takes one of two forms: