On the 29th of April 2025, the UK Government’s Economic and Finance Ministry (HM Treasury) published draft statutory provisions on operating a crypto-asset trading exchange and stablecoin issuance as part of its proposal to introduce a UK financial services regulatory regime for crypto-assets. The Draft Statutory Instrument amends, among others, the Financial Services and Markets Act 2000, the Regulated Activities Order 2001 and the Financial Promotion Order 2005. Additionally, a Policy Note explains HM Treasury’s intended policy outcomes for the draft provisions, as well as how these provisions seek to achieve such outcomes.
The deadline for interested stakeholders to submit their comments on the Draft Statutory Instrument is the 23rd of May 2025. These draft provisions will be followed by others on market abuse and admissions and disclosures in due course.
