United Kingdom: FinTech

When divorce involves significant wealth, one of the hardest questions is whether you can trust the financial picture being presented to you. You may be worried that assets are being hidden, undervalued or moved out of reach. Or you may be a business owner, entrepreneur or someone with inherited wealth who is concerned about how to protect assets properly without being accused of concealment. These are very different concerns, but they often meet at the same point: the need for clear, accurate financial disclosure and a strategy that protects your position from the outset.

The Financial Stability Board (FSB) has published a letter from its Chair and Governor of the Bank of England, Andrew Bailey, to G20 Finance Ministers and Central Bank Governors.

A Canadian and Maltese national fell victim to a sophisticated cryptocurrency fraud scheme, losing approximately £10.5 million after being persuaded to transfer Bitcoin and other digital assets into what they believed were legitimate trading accounts. The English Commercial Court has now granted summary judgment against multiple defendants, many still unidentified, ordering the return of traced Bitcoin and awarding compensation for misappropriated digital assets.

Cryptocurrency has become an increasingly significant financial asset in divorce proceedings in England and Wales. Whether you or your spouse hold Bitcoin, Ethereum, or other digital assets, those holdings must be disclosed and accounted for as part of the financial settlement process.

The Financial Action Task Force releases new guidance on decentralised finance regulatory challenges, while the Bank of England addresses frontier AI cyber risks and the UK crypto sector faces banking access restrictions. Global regulators continue advancing virtual asset standards and stablecoin frameworks.

This monthly newsletter examines pivotal regulatory developments reshaping UK and European financial markets, from the FCA's comprehensive overhaul of the AIFM regime to landmark cryptoasset regulations and critical third-party designations. How will these sweeping changes impact financial institutions, fund managers, and digital asset firms operating across jurisdictions?

Welcome to our latest quarterly bulletin which contains updates on commercial litigation developments over the past three months, largely by reference to articles posted to our Litigation Notes blog in that period.

The European Securities and Markets Authority has issued a stark warning to unauthorized crypto-asset service providers as MiCA's transitional period concludes on July 1, 2026.

In this edition we round up FinTech-related financial services regulatory developments for the week ending 19 June 2026.