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The UK’s new cryptoasset legal and regulatory framework explained

In this photo illustration a novelty Bitcoin token is photographed on a Sterling British Pound GBP bank note.
Photo: Matt Cardy/Getty Images

Ashurst

4 min read
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New framework establishes territorial scope, covering overseas firms that deal directly or indirectly with a UK consumer.

The UK HM Treasury and FCA have released a (long-awaited) package of draft proposals furthering the creation of the UK’s legal and regulatory framework for cryptoassets.

On April 29, 2025, the UK government published a draft statutory instrument and policy note outlining a new regulatory regime aimed at fostering innovationdraft order

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