#DigitalAssetBill The UK government has this week released draft legislation for regulating cryptoassets such as bitcoin.

Its publication was announced by chancellor Rachel Reeves in a keynote speech at the Innovate Finance Global Summit (‘IFGS 2025’ – 29 April), an annual event in the City of London that convenes policymakers and the private sector to discuss fintech trends.

The draft legislation arrives following an HM Treasury consultation in 2023 that proposed bringing a wide range of cryptoasset activities, including crypto exchanges and custody services, within the UK’s financial services regulatory perimeter.