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Financial Services and Markets Act 2023 - Crypto-Asset Regulation Provisions

The UK Financial Services and Markets Act 2023 amends existing financial legislation to bring certain crypto-assets and related activities within the UK…

What Financial Services and Markets Act 2023 - Crypto-Asset Regulation Provisions requires

The UK Financial Services and Markets Act 2023 amends existing financial legislation to bring certain crypto-assets and related activities within the UK regulatory perimeter, granting HM Treasury powers under Section 69 to define scope, with an initial focus on fiat-backed stablecoins and the creation of a Financial Market Infrastructure Sandbox.

Pillar: Crypto & Sovereign Finance · Authority: UK Parliament · Version: 1.0.0 · Last updated:

Primary source: https://www.legislation.gov.uk/ukpga/2023/29/contents

SHA-256 integrity: fe242246ebd6ecd4367d9f5c85a0b51030219519e08014b328ab87604090499b

Primary Citations — 7 traced to source

  • Financial Services and Markets Act 2023, Section 69 - Power to make provision about cryptoassets
  • Financial Services and Markets Act 2023, Schedule 6 - Cryptoassets: amendments

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