Legal Updates

Welcome to this month's Global Digital Assets Digest of this year. There has been a lot of activity in the UK, with the UK government rolling out far-reaching reforms in relation to the regulation of cryptoassets, as well as the long-awaited consultation on the "Britcoin". At the EU, there have been a number of important documents published in relation to the digital Euro. In Hong Kong, we have the latest in relation to a regulatory framework for stablecoins used as payments. Dubai's VARA has also issued an important document in relation to Virtual Asset Service Providers.Stateside, we have a roadmap from the Biden Administration in relation to cryptoassets, as well as an important speech from CFTC official in relation to coming back from the "crisis of trust" affecting certain areas of the industry. We have also been giving our thoughts on the BCBS standard on exposures to cryptoassets.

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.

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