CryptoUK has joined nine other leading industry organisations in a letter calling on the UK Government to retain Clause 50 of the Financial Services and Markets Bill.

The clause would require HM Treasury to develop, publish and consult on a national Digital Assets Strategy, helping to bring together the UK’s approach to cryptoasset regulation, stablecoins, tokenisation and digital financial infrastructure, while addressing key challenges such as access to banking and payment services.

The letter highlights the importance of a more joined-up approach across Government, regulators and industry, providing greater clarity and long-term direction for the UK’s digital assets sector.

Signatories:

• Nick Brooks — CryptoUK
• Simon Jennings — UK Cryptoasset Business Council (UKCBC)
• Adriana Ennab — Global Digital Finance
• Emma Banymandhub — The Payments Association
• James Challinor — techUK
• Adam Jackson — Innovate Finance
• Charles Kerrigan — International Digital Assets Counsel
• Ji Kim — Crypto Council for Innovation
• Christian Walker — Digital Money Association
• John Godfrey — TheCityUK

Download the Joint Industry Letter (PDF)

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