# The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, Regulation 49: Amendment of the Payment Services Regulations 2017


(1) The Payment Services Regulations 2017 are amended as follows.
(2) In Schedule 1 (payment services), in Part 2 (activities which do not constitute payment services), after paragraph 3 insert—
“4 The activity specified by article 9M of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (issuing qualifying stablecoin) does not constitute a payment service.”.

---
Source: https://www.legislation.gov.uk/ukdsi/2025/9780348277586/regulation/49 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-cryptoassets-regulations-2025/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.