Global Fintech & Payments Blog

Tag Archives: HM Treasury

UK Government Proposes to Strengthen Protections Around Promotion of Financial Products and Cryptoassets

HM Treasury is planning significant changes to the financial promotion regime, including expanding its scope to certain cryptoassets, and amending the approval process for promotions of unauthorised firms. By Stuart Davis, Sam Maxson, and Anna Lewis-Martinez On 20 July 2020, HM Treasury published two consultation papers on a regulatory framework for approval of financial promotions … Continue Reading

UK Government Launches Major Independent Review of UK Fintech Sector

The Fintech Strategic Review aims to ensure the ongoing growth and success of UK fintech as a world leader in financial innovation. By Stuart Davis and Anna Lewis-Martinez On 20 July 2020, HM Treasury announced the launch of an independent review into the UK’s fintech industry to “identify opportunities to support further growth in the … Continue Reading

Crypto Coming of Age: UK Regulation Hits Cryptoasset Business

New regulatory requirements, including registration and customer disclosure requirements, apply to regulated and unregulated persons carrying on relevant cryptoasset business. By Stuart Davis and Sam Maxson On 20 December 2019, the UK government published the Money Laundering and Terrorist Financing Regulations (Amendment) Regulations 2019 (the Amending Regulations). The Amending Regulations update the Money Laundering, Terrorist … Continue Reading
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