UK, France tighten digital asset rules; BoE studies tokenization

Homepage > News > Business > UK, France tighten digital asset rules; BoE studies tokenization TL;DR: The Bank of England is consulting until February 12, 2027, on whether to allow central counterparties to accept tokenized collateral. Meanwhile, the Financial Conduct Authority has settled with HTX, which is leaving the U.K. France’s Senate passed a bill to implement the OECD’s CARF tax-reporting standard. Key Takeaways: The Bank of England opened a consultation on tokenized collateral for central counterparties on October 29, which will remain open until February 12, 2027. The FCA’s October 28 settlement ends HTX’s U.K. activity and bars it from targeting U.K. consumers. Unlawful digital currency promotions in the U.K. carry up to two years in prison, an unlimited fine, or both. The French Senate passed its CARF bill on October 27; it now goes to the National Assembly as Bill no. 3421. 77 jurisdictions have committed to CARF, with first exchanges due by 2027 in the U.K. and the EU (except Cyprus), and by 2029 in the U.S. A busy week for digital asset policy in Europe saw the Bank of England (BoE) open a consultation on allowing central counterparties to accept tokenized co...