This Bill “seeks to make wide-ranging changes to the regulation of financial services in the UK”.
One of the purposes of the Bill is to regulate stablecoins, a type of cryptoasset.
The Bill has its second reading in the House of Lords today (10 January 2023).
Related content from Claritax Books
In Cryptocurrency and Other Digital Assets – Tax Law and Practice, by Andy Wood, the author explores how established principles of UK taxation (e.g. trading or investment, the nature of income, the location of assets, tax reliefs) are properly applied to the fast-moving crypto world.
