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HMT sets out new regulatory approach for cryptoassets

HMT opened a consultation on the Government’s approach to cryptoasset regulation and a call for evidence on investment and wholesale uses of cryptoassets on 7 January 2021. This is the first stage of the Government's consultative process on cryptoassets, focussing on creating a sound regulatory environment for stablecoins. Other types of cryptoasset may be considered for UK regulation in future as part of a staged approach.

Download this At a glance to see our summary of HMT’s proposals and the implications for firms.

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Haydn Jones

Haydn Jones

Director - Senior Blockchain Market Specialist | Technology & Investments, PwC United Kingdom

Tel: +44 (0)7802 438892

Sharon Fernando

Sharon Fernando

Senior Manager, PwC United Kingdom

Tel: +44 (0)7889 642744

Laura Talvitie

Laura Talvitie

Senior Manager, PwC United Kingdom

Tel: +44 (0)7850 908244

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