The UK future cryptoasset regulatory framework

On April 29, 2025, the UK government published draft legislation which will bring currently unregulated cryptoassets, including stablecoins, within the scope of financial services regulation. This is the first of a number of consultations and announcements which we expect, over the coming weeks, to eventually comprise a comprehensive regulatory framework for issuers, exchanges, custodians and other cryptoasset players who wish to operate in the UK market.