HM Treasury
HM Treasury's Crypto Consultations: How UK Policy Was Made Iteratively
From the 2021 stablecoin consultation to the 2023 broader crypto regulatory regime, HM Treasury used public consultation to build UK digital asset policy step by step — a different legislative model from the EU's comprehensive approach.
The Digital Pound: UK's CBDC Journey and Why No Decision Has Been Made
The Bank of England and HM Treasury have been consulting on a digital pound since 2021. Unlike the EU's digital euro, the UK has not yet decided to build one — and the political economy of that hesitation is instructive.
UK Stablecoin Regulation: A Principles-Based Approach to Payment Assets
The United Kingdom's stablecoin regulatory framework, developed through HM Treasury consultations and FCA rules, takes a principles-based approach that differs significantly from both MiCA and the US GENIUS Act.