HM Treasury

HM Treasury holds authority over financial services legislation. As a United Kingdom finance ministry, HM Treasury also handles cryptoasset regulatory framework. The digital-asset connection for HM Treasury begins with stablecoin payment policy. At HM Treasury, work on tax and fiscal policy and digital securities sandbox policy extends that mandate. The mandate of HM Treasury extends to stablecoin policy framework, payment modernization strategy, tokenization policy research, and cross-border policy cooperation. For payment modernization strategy, follow decisions formally issued by HM Treasury; coordination or implementation around tokenization policy research may also be relevant. Do not classify a proposal on tokenization policy research here before HM Treasury grants formal approval.