City & Financial Global’s 'Future of Cryptoasset Regulation' Summit is a prestigious online meeting place for the crypto community, the purpose of which is to explore the impact of the rapid changes to the development and adoption of cryptoassets.

The event has been created, in part, in response to the recent publication of HM Treasury’s Consultation on the UK’s Regulatory Approach to Cryptoassets and Stablecoins. In this, the Government expressed its desire to be at the cutting edge of financial technology. In particular, it sees the use of stablecoins as potentially paving the way for faster, cheaper payments and the potential benefits for the capital markets of using distributed ledger technology (DLT).

However, to retain the credibility of the UK financial markets, it must create a regulatory environment in which firms can innovate, while maintaining the highest regulatory standards so that people can use the new technology reliably, safely and with confidence.

The Summit will bring together policy makers, regulators, Government bodies and industry participants to analyse what the future regulatory landscape may look like and whether this will encourage or inhibit the development of a cryptocurrency market in the UK. It will also examine the development of Central Bank Digital Currencies and their impact on the payments landscape; global regulatory co-operation; combatting the use of crypto for money-laundering and financial crime; and the challenges of robust operational resilience.

Issues to be covered include:

• The Government’s proposals for the regulation of cryptoassets and stablecoins
• The Bank of England’s view on the introduction of a Central Bank Digital Currency
• Harmonising the regulatory approach to digital and fiat currencies
• Discouraging geographical arbitrage while encouraging the development and adoption of digital currencies
• The role of Big Tech and other new entrants in developing digital currencies
• Combatting the use of crypto currencies for money laundering and financial crime
• Developing robust operational resilience systems to meet regulatory obligations