Tethering cryptoassets – HM Treasury proposes to regulate cryptoassets and stablecoins
HM Treasury published its consultation paper on a proposed regulatory framework for cryptoassets and stablecoins on 7 January 2021. The consultation follows the Treasury's commitment in the March 2020 Budget to consult on the broader regulatory approach to cryptoassets, and promises to deliver an agile, risk-led approach to regulation in this area.