Crypto, FinTech & Digital Assets

Recent Articles

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  02/04/2025

  International

  Cyber Space: Global insights on cyber and data risk for insurers

  Cyber Resilience Regulation: What does the current EU and UK position mean for cyber insurance?In an increasingly aggressive cyber threat landscape, it is no surprise that cyber resilience has become a key consideration for the EU Commission and UK Government, with a focus on ensuring that businesses and critical infrastructure can respond to and recover from cyber incidents.The overarching intention is to synchronise standards in order to update or establish clear security requirements, improve risk management practices, and enhance accountability for organisations handling sensitive data, with...

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  24/02/2025

  Scotland

  Clarifying the status of digital assets in Scots law: a call for primary legislation

  BackgroundOn 27 November 2024, the Scottish Government launched its consultation on “Digital assets in Scots private law”, requesting “views on options for possible legislative changes to Scots private law to clarify the status of digital assets as property”.The consultation underlines both the need for legal certainty for businesses and the importance of Scotland moving with technological developments “to help support economic growth and to allow Scotland to remain attractive for investment”.  The consultation was launched following work undertaken...

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  30/01/2025

  United Kingdom

  FCA publishes Discussion Paper on Admissions & Disclosures and Market Abuse Regime for Cryptoassets

  On 26 November 2024, the Financial Conduct Authority (“FCA”) published its proposed timetable to implement a new UK financial services regulatory regime relating to cryptoassets, which we outlined in our article here. On 16 December 2024, the FCA subsequently published its first discussion paper (DP24/4) in this respect, on the proposed new admissions and disclosures and market abuse regimes for cryptoassets (the “Discussion Paper”). The Discussion Paper is part of a series of publications expected from the FCA, which will be published during 2025, designed to facilitate...

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  06/01/2025

  United Kingdom

  Crypto Update: New year’s resolution – start planning for the new UK crypto regulatory regime

  Towards the end of last year, there was a whirlwind of activity around the future of cryptocurrency regulation in the UK. These developments pave the way for a more inclusive, efficient and innovative digital economy and with the intention of enabling the UK to attract more talent and investment and fulfilling the UK’s ambitions of being a hub for the cryptoasset industry. While the new requirements will not enter into force until 2026, firms that are impacted by these changes should be aware of these developments, follow/engage with the consultations that will be published during 2025 and...

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  30/10/2024

  United Kingdom

  Autumn Budget 2024 – key tax announcements

  The 2024 Autumn Budget has been one of the most anticipated fiscal events in recent years. Not only is it a post-election Budget – the Labour Party’s first Budget in almost fifteen years – but the length of the period that has elapsed since the election, the Government’s discovery of a £22bn “black hole” in the public finances, and the broad commitments contained in Labour’s manifesto have all contributed to a lengthy period of intense speculation.Recent confirmation from the Chancellor that tax increases were a certainty, combined with the Government’s...

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  09/10/2024

  United Arab Emirates

  The DFSA publishes explainer on the regulation of Crypto Tokens in the DIFC

  The Dubai Financial Services Authority (“DFSA”) has published a comprehensive explainer (the “Explainer”) on its approach to regulating financial services in respect of “Crypto Tokens” carried on in or from the Dubai International Financial Centre (“DIFC”). We have set out some key takeaways from the Explainer below.1. Crypto Tokens and the recognition criteriaThe DFSA confirms that Crypto Tokens are tokens that are used or intended to be used as a medium of exchange or for payment or investment purposes. The definition of a Crypto Token does...

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