What to note as HM Treasury, FCA plan new crypto regs
Law360, Expert analysis: Since 2023, the UK government has engaged with the cryptoasset industry as part of its efforts to develop a regulatory regime for cryptoasset activities and services. On 29 April 2025, HM Treasury published a draft statutory instrument to create new regulated activities for cryptoassets, and on 2 May 2025, the Financial Conduct Authority (FCA) published a discussion paper on regulating cryptoasset activities. Mark Chalmers counsel at Davis Polk & Wardwell LLP, discusses the main takeaways from these recently published documents.