Global DCA

Global DCA Response to UK Regulatory Approach to Cryptoassets and Stablecoins

The Global Digital Asset & Cryptocurrency Association welcomed the opportunity to contribute to the H.M. Treasury consultation and call for evidence on the UK regulatory approach to cryptoassets and stablecoins. As an emerging asset class, cryptoassets and stablecoins are still in a period of evolution. The measured approach taken by HMT to phasing-in regulation represents a thoughtful balance which we believe will facilitate development of the domestic cryptoasset industry; while protecting consumers, stakeholders and the wider public interest. Further, we believe the openness with which HMT has sought to engage with industry for evidence, experience and insight will ultimately result in a better and more effective legal and regulatory framework for all. It is in this spirit that the Global DCA has provided the attached general comments and responses to key questions posed by H.M. Treasury.

To view the entire response, please click here: