Quantcast

HM Treasury outlines draft cryptoasset regulation under 2025 order

MANTRA CEO: 'We're obviously meant to be relatively agnostic' as a 'layer one blockchain'
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Visa launches tokenized asset platform to bridge fiat and blockchain
DFF CEO: 'There needs to be more collaboration, more unity between nations'
Bitcoin: BTC surpasses $92,000, on the way to $100,000?
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains
Donald Trump Places Elon Musk in Government Position – What Impact on Dogecoin (DOGE)?
Dogecoin Flips XRP as Elon Musk-Linked Trade Keeps on Giving
Elon Musk revives the idea of dismantling the Federal Reserve (Fed): A call to Bitcoin supporters?
Bitcoin offers almost a new ATH per day – 100,000$ by January?
Dubai real estate policy director: We aim to grow 'real estate transactions' to '1 trillion dirhams'
Nansen CEO: 'We believe that every asset will be tokenized'
Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
Ethereum deploys nearly $500M to ecosystem projects in 2022–23: Report
BlackRock Bitcoin ETF (IBIT) records record $1.1 billion in admissions
CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report
CEO of Dubai Blockchain Center: Crypto 'is no longer alternative for us'
Binance CTO: 'Binance is the best exchange in the world for slippage and order book depth'
Coinbase exec urges SEC reform after Trump’s election win
First Mover Americas: BTC Hit All-Time High as Trump Closed In on Victory
Solana surpasses BNB and propels itself to fourth place in the market
A Bitcoin reserve for the United States: the bold strategy of the BPI against the BRICS
Bitcoin close to 75 000 $ and c’is the whole sector of cryptocurrencies that is igniting
Binance announces new vice president of product
First UK Pension Fund Invests in Bitcoin
Upcoming US elections poised to influence crypto legislation in 2025: Here’s what could happen next
New bank chooses Ethereum (ETH): UBS launches tokenized fund
Binance announces Binance Wealth platform tailored for wealth managers
Bitcoin Plummets And Loses 2 Billion Dollars In A Day
I went to meet the ‘real’ Satoshi Nakamoto in London. It was… revealing
HM Treasury outlines draft cryptoasset regulation under 2025 order
Web3/Crypto
Webp reeves
Rachel Reeves, Chancellor of the Exchequer | Gov.UK

HM Treasury has released a policy note detailing the draft 2025 order under the Financial Services and Markets Act. This document outlines the intended regulatory outcomes for activities related to cryptoassets.

According to HM Treasury, the draft statutory instrument (SI) is a preliminary version aimed at identifying any technical issues that could hinder its regulatory objectives or lead to unintended consequences. The SI is part of a broader strategy unveiled by the Treasury in October 2023 to regulate cryptoassets and stablecoins under UK financial law. It introduces new regulated activities, such as operating crypto trading platforms and issuing stablecoins, which will require authorization from the Financial Conduct Authority (FCA). While UK-issued stablecoins will not yet be regulated under payment rules, the government remains prepared to adapt as their usage increases. The draft specifically focuses on defining regulated activities under the Financial Services and Markets Act 2000.

The SI modifies the Regulated Activities Order (RAO) by defining "qualifying cryptoassets" and "qualifying stablecoins," classifying them as specified investments. It introduces new regulated activities such as issuing stablecoins, safeguarding cryptoassets, and operating trading platforms, all requiring FCA authorization. Additionally, it updates financial promotions and anti-money laundering laws to align with these changes. Tokenized deposits and e-money are clearly distinguished from stablecoins.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The draft SI also establishes the territorial scope of crypto regulation. Activities like trading, dealing, arranging, and staking involving UK consumers—whether directly or through intermediaries—require UK authorization regardless of where the firm is located. However, overseas firms serving only UK institutional clients are exempt. Safeguarding and staking activities must be authorized if conducted in the UK or on behalf of UK consumers unless directed by an authorized party. Issuers of stablecoins must be authorized only if they operate from within the UK.

HM Treasury serves as the UK's finance ministry, responsible for overseeing public spending, economic policy, and financial regulation to support long-term growth. It manages tax systems, public sector pay, major infrastructure projects while aiming to enhance economic stability, employment opportunities, and regional competitiveness. With offices in London, Darlington, Edinburgh, and Norwich, it also emphasizes responsible taxpayer money use, financial sector oversight, and improving access to financial services.

Organizations Included in this History
More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025