UK:
HM Treasury Publishes Report On Digital Currency Standards
09 April 2015
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On March 18, 2015, HM Treasury published a report detailing the
outcome to its call for information on digital currencies. The
report states that UK Government intends to improve standards and
clarity around digital payments, and the initiatives that it will
undertake will include: (i) applying anti-money laundering
regulations to digital currency exchanges; (ii) developing a set of
standards to enhance consumer protection; and (iii) ensuring that
law enforcement bodies are able to prosecute criminal activity and
confiscate digital currency funds where transactions are carried
out for criminal purposes.
The report is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).