UK regulatory developments in digital assets

By Martin Dowdall and Daniel Hirschfield

According to the classic British adage, one waits an inordinate length of time for a bus and then three arrive at the same time. Regulation sometimes seems to mimic this. After a long period of anticipation, the UK regulators have published a series of policy papers setting out a comprehensive regime for cryptoasset businesses in the UK. In addition, the UK government has announced a number of initiatives impacting the digital assets ecosystem at home and abroad.