The U.K. Financial Services and Markets Act 2023

The U.K. government has published its much-anticipated proposals for regulating the cryptoasset industry. These proposals, currently in the form of a consultation, will see many (but not all) cryptoasset-related activities being brought within the regulatory perimeter for financial services in the U.K.

Four months ago I posted this article on the impact of Omicron related restrictions and other economic headwinds on an already battered hospitality and leisure sector. Operators in these sectors have worked so hard to survive the Covid-era by cutting costs, seeking operational efficiencies, and negotiating support from stakeholders and we all hoped that Omicron was but a short-term delay in the return to normalcy.