UK moves closer to full crypto regime with FCA consultation
Proposed rules will cover stablecoins, trading, custody and staking, aiming to provide clarity for firms operating in the UK crypto sector.
The UK Financial Conduct Authority (FCA) has launched a consultation on guidance for the country’s upcoming crypto regulatory regime, marking another step towards a full framework expected to take effect in October 2027.
The consultation covers key areas including stablecoins, trading platforms, custody and staking, as regulators seek to shape how firms will operate under the new system.
The FCA said the guidance is intended to help firms understand how future requirements will apply and to support the development of a ‘competitive and sustainable’ crypto sector.
Industry feedback is being invited until June 2026, with companies able to begin applying for authorisation from September 2026, ahead of the regime’s full implementation.
Further consultations have already been issued since late 2025, covering market abuse, prudential standards, and operational requirements for crypto firms.
Under the proposed system, all crypto service providers will need authorisation under the Financial Services and Markets Act, with existing registrations not automatically carrying over.
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