The introduction of a comprehensive licensing regime for cryptoassets, including stablecoins, is one of the most significant changes to UK financial regulation in recent memory. The regime, which starts to apply on 25 October 2027, will have a wide impact. Crypto businesses and financial services firms, whether based in the UK or overseas, must decide whether to update their UK licensing position and compliance controls as a result.
With many aspects of the cryptoasset rulebook on the cusp of being finalised, we have launched a new podcast series to help you find your way through the incoming regime. Listen to the first three episodes now:
Introduction: Whether your business deals with native cryptoassets or is involved in other tokenisation initiatives, you will need to assess the potential implications of the changes to UK regulation. As important deadlines approach, Peter Bevan and Richard Hay explain why this is a critical time to engage with the new regime.
State of play: The incoming licensing regime is the latest in a series of steps to regulate cryptoassets in the UK. From registration requirements and marketing restrictions to a ban crypto derivatives, James Morris and Frances Hodgkins explain how cryptoassets are not unregulated in the UK today.
Snapshot: From 25 October 2027, you may be acting unlawfully if you carry on a regulated crypto activity in the UK by way of business without an appropriate licence. As the UK introduces a new legislative and regulatory framework for cryptoassets, Peter Bevan and Olivia Murphy run through the key points to note.

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