U.K. Lords Push for Comprehensive Digital Assets Strategy
- The U.K. House of Lords voted 194-138 to mandate the Treasury to draft a national digital-assets strategy.
- The strategy will cover stablecoins, central bank digital currencies, and tokenized securities.
- Conservative former Treasury minister Baroness Neville-Rolfe introduced the amendment.
- The Financial Services and Markets Bill’s third reading in the Lords is scheduled for September 15.
- The U.K.’s crypto regulation framework is set to take effect on October 25, 2027, with an authorization gateway opening on September 30, 2026.
This parliamentary decision highlights growing pressure on the U.K. government to establish a comprehensive plan for digital assets, aligning with global regulatory developments like the EU’s MiCA regime and U.S. legislation on payment stablecoins.
(Source)
