Following months of consultation across the industry, the Cryptoassets Taskforce, made up of the FCA, HM Treasury and the Bank of England, published their final report on cryptoassets. The report set out key definitions, as well as an overview of the UK cryptoasset market, key participants, and most importantly, a timeline for further consultation around cryptoasset regulation. CryptoUK is supportive of proportionate and well-informed regulation, which remains important both for industry participants, but also for consumer protection. Improving confidence and understanding of cryptoassets, their features and the opportunities they bring remains an important part of CryptoUK’s work.
Cryptoassets Taskforce Final Report