雷切爾·里夫斯（Rachel Reeves）宣布了加密助理服務公司的新規則

上週在倫敦舉行的金融科技週，英國總理雷切爾·里夫斯（Rachel Reeves）宣布，提供加密助理服務的公司將受到新的明確規則

Fintech Week in London last week saw U.K Chancellor Rachel Reeves announce that firms offering cryptoasset services will be subject to new clear rules aimed at boosting investor confidence and driving growth.

上週在倫敦舉行的金融科技週，英國總理雷切爾·里夫斯（Rachel Reeves）宣布，提供加密助理服務的公司將受到旨在提高投資者信心和推動增長的新規定。

It is estimated that 12 percent of U.K. adults now own or have owned crypto, up from just four percent in 2021, and the Government is concerned about the risks that cryptoassets present to retail customers, and in particular scams and fraud.

據估計，現在英國成年人中有12％擁有或擁有加密貨幣，高於2021年的4％，政府擔心加密貨幣對零售客戶的風險，尤其是騙局和欺詐。

Reeves said, “Through our Plan for Change, we are making Britain the best place in the world to innovate — and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the U.K.”

里夫斯說：“通過我們的變革計劃，我們使英國成為世界上創新的最佳地位，也是消費者最安全的地方。圍繞加密貨幣的強大規則將提高投資者的信心，支持金融科技的增長和保護英國各地的人們”。 ”

Crypto firms with U.K. customers will also have to meet clear standards on transparency, consumer protection, and operational resilience, just like firms in traditional finance.

與英國客戶的加密公司還必須達到有關透明度，消費者保護和運營彈性的明確標準，就像傳統金融中的公司一樣。

The long-awaited new rules, published by HM Treasury just before Fintech Week, are being deployed as a Statutory Instrument (SI) under the Financial Services and Markets Act 2023 are currently in draft and open for comments until 23rd May.

在金融科技週之前發布的期待已久的新規則，該規則在《金融科技週》之前出版，該規則正在《 20023年《金融服務與市場法》法案法案）部署為法定工具（SI），目前正在選秀中，並在5月23日之前發表評論。

The new rules were shortly followed by the Financial Conduct Authority’s (FCA’s) DP25/1: Regulating cryptoasset activities, which is also open for public comment until June 13th. It is expected that industry will put forward strong responses to both given the mixed feedback on the proposals around the virtual water cooler.

新規定不久之後是金融行為管理局（FCA）的DP25/1：監管CryptoAsset活動，該活動也供公眾發表，直到6月13日。預計，鑑於對虛擬水冷卻器周圍的提案的不同反饋，行業將對兩者都提出強烈的回應。

The Chancellor also announced that the U.K. and U.S. will use the upcoming U.K. – U.S. Financial Regulatory Working Group for crypto and digital assets policy engagement. Industry anticipates a possible collaboration using cross-border industry sandboxes, leveraging the U.K.’s Digital Securities Sandbox.

總理還宣布，英國和美國將使用即將到來的英國 - 加密和數字資產政策參與的美國金融監管工作組。行業預計使用跨境行業沙箱可能會進行合作，利用英國的數字證券沙箱。

This willingness to drive forward cross-border collaboration was followed by remarks from Bank of England (BoE) Deputy Governor Sarah Breeden who discussed next steps for the U.K. stablecoin regime during a panel session at the Point Zero Forum in Zurich this week where she also re-emphasised the importance of working across borders.

這種推動前進跨境合作的意願之後，英格蘭銀行（BOE）副州長莎拉·布雷登（Sarah Breeden）發表了講話，他在本週在蘇黎世的零點零論壇上的小組會議上討論了英國Stablecoin政權的下一步，她還重新強調了跨邊界的重要性。

The proposed cross-border collaboration, on top of the first and newly announced U.S. trade deal with the U.K. leaves industry players with high expectations of a strong cross border “special relationship” on key policy and regulation for crypto and digital assets.

擬議的跨境合作除了第一和新宣布與英國的貿易交易之外，對加密和數字資產的關鍵政策和法規的強烈跨境“特殊關係”的期望很高。

“The clarity of purpose in the U.K. government, combined with new rules coming into force for digital assets, will undoubtedly play to strengths in the U.K. economy creating a key opportunity to forge U.S - U.K. regulatory harmonization and investment opportunities,” says Dante Disparte, chief strategy officer and head of global policy and operations at Circle.

“英國政府在英國政府中的目的，再加上新規則的數字資產，無疑將發揮英國經濟中的優勢，從而創造了一個關鍵的機會 - 英國的監管協調和投資機會，” Dante Disparte，首席戰略官，全球政策和運營負責人Dante Disparte說。

Looking Across The Channel

跨頻道看

The SI is directed at regulating cryptoassets and stablecoins and sets out some key important provisions. The proposals include the creation of a new category of specified investments which will cover qualifying cryptoassets and stablecoins.

SI致力於調節加密和穩定劑，並規定了一些關鍵的重要規定。這些建議包括創建新的指定投資類別，這些投資將涵蓋合格的加密和穩定幣。

The SI also includes a new specified activity of stablecoin issuance, and authorisation requirements for issuers includes a delineation between crypto and traditional securitites and the exemption of pure DeFi, further clarifying the U.K.’s regulatory perimeter.

SI還包括一項新的特定特定活動，發行的授權要求包括加密貨幣和傳統Securitites之間的劃定以及對Pure Defi的豁免，進一步闡明了英國的監管外圍。

While there are some similarities between the proposed U.K regs to other global regimes such as the E.U.’s MiCA, the pending U.S. Senate Banking’s GENIUS Act and Abu Dhabi’s already established Fiat Referenced Token Regime, industry policy analysts point out some discrepancies which are a cause for concern for the U.K. from a competition perspective.

雖然擬議的英國規定與其他全球政權（例如歐盟的雲母）之間有一些相似之處，在美國參議院銀行的《天才法案》和阿布扎比已經建立的菲亞特參考菲亞特政策方面的政策分析師指出，一些差異是從競爭角度出發，這是對英國關注的原因。

“The U.K.’s proposals are a step in the right direction and show clear intent to engage with the stablecoin market thoughtfully, recognising the role of overseas-issued tokens is a sensible move and reflects a more pragmatic approach than what we’ve seen in the EU under MiCA. But it’s important that the U.K. doesn’t replicate some of MiCA’s flaws which risk stifling innovation and undermining financial stability. We look forward to continuing dialogue to help shape a framework that supports both innovation and user protection,” said Paolo Ardoino, the chief executive officer of Tether.

“The UK's proposals are a step in the right direction and show clear intent to engage with the stablecoin market thoughtfully, recognising the role of overseas-issued tokens is a sensible move and reflects a more pragmatic approach than what we've seen in the EU under MiCA. But it's important that the UK doesn't replicate some of MiCA's flaws which risk stifling innovation and undermining financial stability. We look forward to continuing dialogue to help塑造一個支持創新和用戶保護的框架。” Tether首席執行官Paolo Ardoino說。

While some are concerned about MiCA's shortcomings, it is notable that MiCA is widely seen as the one of the most comprehensive global frameworks for cryptoassets. The regulatory certainty and legal clarity it brings means that large institutional players have already started to scale there.

雖然有些人擔心雲母的缺點，但值得注意的是，雲母被廣泛視為加密群體最全面的全球框架之一。它帶來的監管確定性和法律清晰度意味著大型機構參與者已經開始在那裡擴展。

Jean-Marc Stenger, chief executive officer of Societe Generale – FORGE says, “Europe has been at the forefront in terms of regulation. The entry into force of the MiCA regime reshapes the market in the E.U. and opens up a window of opportunity. This is the first time that we have a clear, homogeneous, relatively broad, and ambitious framework that is directly applicable throughout the E.U. For Societe Generale - FORGE, offering a MiCA-compliant

社會興建生物首席執行官Jean -Marc Stenger（Jean -Marc Stenger）說：“歐洲在監管方面一直處於最前沿。雲母政權的生效重塑了歐盟的市場，並打開了機會之窗。這是我們第一次有一個清晰，同質，相對廣泛的框架，遍布整個框架 - 遍布整個框架 - 遍布整個框架 - 遍布整個框架 - eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu eu符合雲母