UK Proposals for Cryptoasset Regulation

The team at Shearman & Sterling summarise the UK government’s much-anticipated proposals for regulating the cryptoasset industry, including proposals that the FCA be able to participate in any insolvency proceedings of a regulated cryptoasset trading venue, intermediary, custodian or lending platform, and that cryptoassets be carved out from the U.K.’s Financial Services Compensation Scheme.

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