Client Briefing - UK Stablecoin Regime

On 4 December 2025, HM Treasury published a policy update setting out the UK government's plans to establish a provisional licence authorisation regime for early-stage firms and financial services start-ups seeking FCA authorisation.

On 2 December 2025, the Property (Digital Assets etc) Act 2025 (the Act) received royal assent and came into force, marking a milestone in the legal recognition of digital assets in the UK.