During a UK Parliamentary hearing yesterday, the Economic Secretary of the Treasury and City minister, Andrew Griffith, outlined the regulatory agenda for the crypto-asset sector and HM Treasury’s stance towards the industry.
The Minister laid out three topics that should be addressed by legislation in 2023. This includes the regulation of stablecoins in the Financial Services and Markets Bill (FSM), which is expected to pass around April. We wrote a separate piece about his discussion of wholesale stablecoins and central bank digital currency.
The FSM Bill also includes enabling the FMI Sandbox for financial market infrastructures, which as previously reported, will start with DLT-based securities settlement systems.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
