UK Financial Regulator Plans Comprehensive Crypto Rules by 2026
The FCA aims to address growing crypto adoption with a roadmap for regulation, emphasizing transparency and consumer protection.
- The Financial Conduct Authority (FCA) has outlined a roadmap to implement a full crypto regulatory regime in the UK by 2026.
- New research shows crypto ownership in the UK has risen to 12% of adults, or approximately 7 million people, up from 10% in 2022.
- The roadmap includes consultations on stablecoins, staking, market abuse, and crypto lending, with discussion papers expected by the end of this year and early 2025.
- The FCA emphasizes the need for clear regulations to foster innovation, ensure market integrity, and build consumer trust in the crypto sector.
- The regulator highlighted misconceptions among crypto owners, with many mistakenly believing they are eligible for compensation if investments fail.