Other Notable Publications

Up-to-date information, analysis, and source links to help cryptoasset businesses understand and respond to the latest regulatory developments.

Last updated December 2025.

Published

Property (Digital Assets etc) Act 2025

• Publication Date: 2 December 2025
• Regulator: UK Parliament
• Description: The Act confirms that cryptoassets can be recognised as personal property, even if they do not fit into thetraditional categories of personal property recognised by the law, namely things in possession or things in action.
• Publication Type: Enacted legislation
• Response Date: N/A
• Link: Property (Digital Assets etc) Act 2025; explanatory notes to the bill; MoJ policy paper

CP25/28: Progressing fund tokenisation

• Publication Date: 14 October 2025
• Regulator: FCA
• Description: FCA proposals to enable tokenisation of authorised investment funds, including operational models, guidance for the Blueprint model, and a roadmap for future tokenisation using distributed ledger technology
• Publication Type: Consultation paper
• Response Date: 21 November 2025 (Chapters 2-4); 12 December 2025 (Chapter 5)
• Link: FCA consultation paper

FCA opens retail access to crypto exchange traded notes (ETNs)

• Publication Date: 1 August 2025
• Regulator: FCA
• Description: FCA confirmation that, from 8 October 2025, firms will be able to give retail consumers access to crypto ETNs. These products, previously restricted to professional investors, will be available to individuals through FCA-recognised investment exchanges. 
• Publication Type: FCA press release
• Response Date: N/A
• Link: FCA press release

CP25/16: Quarterly consultation paper No. 48

• Publication Date: 6 June 2025
• Regulator: FCA
• Description: Proposed FCA Handbook changes, including lifting cryptoasset exchange traded notes ban
• Publication Type: Consultation paper
• Response Date: 7 July 2025 (for relevant part of consultation paper)
• Link: FCA consultation paper

Digital assets and (electronic) trade documents in private international law including Section 72 of the Bills of Exchange Act 1882

• Publication Date: 5 June 2025
• Regulator: Law Commission
• Description: Call for views on which courts should have jurisdiction, and which law should apply to cross-border matters arising from use of electronic trade documents, digital assets, and distributed ledger technologies
• Publication Type: Consultation paper
• Response Date: 8 September 2025
• Link: Law Commission consultation paper 

International payment rails: the value of a harmonised gauge

• Publication Date: 6 May 2025
• Regulator: BoE
• Description: Speech by Sarah Breeden (BoE Deputy Governor for Financial Stability) discussing the proposed framework for regulating stablecoins in the UK
• Publication Type: BoE speech
• Response Date: N/A
• Link: BoE speech

The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025

• Publication Date: 9 January 2025
• Regulator: UK Parliament
• Description: On 31 January 2025, the statutory instrument entered into force, which amends the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001. The key change is that qualifying cryptoasset staking is no longer a collective investment scheme.
• Publication Type: Statutory instrument
• Response Date: N/A
• Link: HMT statutory instrument and explanatory memorandum

Research Note: Cryptoassets consumer research 2024

• Publication Date: 26 November 2024 (updated March 2025)
• Regulator: FCA
• Description: FCA research note on findings from YouGov about cryptoasset consumer research completed on behalf of the FCA
• Publication Type: Research note
• Response Date Due: N/A
• Link: FCA research note

Keynote address at the Tokenisation Summit: UK government approach to tokenisation and regulation

• Publication Date: 25 November 2024
• Regulator: HMT
• Description: Speech on the UK government’s approach to digital assets and its wider cryptoasset strategy, confirming that cryptoasset staking services should not constitute a collective investment scheme.
• Publication Type: Speech
• Response Date: N/A
• Link: HMT speech

Final report on digital assets

• Publication Date: 30 July 2024
• Regulator: Law Commission
• Description: Law Commission review of how English law treats digital assets and recommends clearer control and transfer, and a distinct category of personal property to support legal certainty and market development
  Publication Type: Final report, supplemental report, and draft bill
• Response Date: N/A
• Link: Law Commission final report; Supplemental report and draft bill

Decentralised autonomous organisations (DAOs): A scoping paper

• Publication Date: 11 July 2024
• Regulator: Law Commission
• Description: Scoping paper examining how DAOs fit within existing law, identifying governance and liability gaps and outlining options for legal recognition and risk allocation.
• Publication Type: Scoping paper
• Response Date: N/A
• Link: Law Commission scoping paper

Legal statement on digital assets and English insolvency law

• Publication Date: 17 April 2024
• Regulator: UK Jurisdiction Taskforce (UKJT)
• Description: UKJT statement that English insolvency law is reasonably flexible for recent technological developments and can be applied in a conventional and predictable manner
• Publication Type: Legal statement
• Response Date: N/A
• Link: UKJT legal statement

Public consultation − digital assets and English insolvency law

• Publication Date: 17 October 2023
• Regulator: UKJT
• Description: UKJT public consultation requesting experts and public to provide inputs on material issues of concern for stakeholders regarding the application of English insolvency law to digital assets
• Publication Type: Public consultation
• Response Date: 4 December 2023
• Link: UKJT public consultation

Digital assets: Final report

• Publication Date: 27 June 2023
• Regulator: Law Commission
• Description: Law Commission report recommending modernising UK private law to accommodate digital assets — recognising them as personal property via a distinct category
• Publication Type: Final report
• Response Date: N/A
• Link: Law Commission final report and Summary of final report

DP23/2: Updating and improving the UK regime for asset management

• Publication Date: 20 February 2023
• Regulator: FCA
• Description: Discussion paper setting out ideas to modernise fund management regime to improve outcomes for UK markets and consumers, including a dedicated chapter on fund tokenisation
• Publication Type: Discussion paper
• Response Date: 22 May 2023
• Link: FCA discussion paper

Legal statement on the issuance and transfer of digital securities under English private law

• Publication Date: 15 February 2023
• Regulator: UKJT
• Description: Legal statement permitting the circulation of public blockchain without custodians and the on-chain transfer of digital securities, even though a fully decentralised blockchain cannot yet serve as the official register of members
• Publication Type: Legal statement
• Response Date: N/A
• Link: UKJT legal statement

Smart legal contracts – Advice to Government

• Publication Date: 25 November 2021
• Regulator: Law Commission
• Description: Advice paper concluding smart legal contracts are enforceable under English law with minimal reform and provides guidance on formation, interpretation, and remedies
• Publication Type: Advice paper
• Response Date: N/A
• Link: Law Commission advice paper

Legal statement on cryptoassets and smart contracts

• Publication Date: 18 November 2019
• Regulator: UKJT
• Description: UKJT statement outlining that cryptoassets are capable of being property and smart contracts are enforceable. Provides practical implications for transactions (including security interests, transfer mechanics, and electronic execution) and identifies residual areas of legal uncertainty.
• Publication Type: Legal statement
• Response Date: N/A
• Link: UKJT legal statement