The United Kingdom is taking important steps to establish a regulatory regime for cryptocurrencies that will be in place by 2026, the Financial Conduct Authority (FCA) announced. This move reflects an effort to adapt to the growing interest of British citizens in digital assets and follow international regulatory trends.
A structured plan towards regulation
The roadmap published by the FCA details that the agency plans to release a series of discussion papers before the end of this year. Among the topics that will be addressed are:
- Market abuse and disclosures.
- Establishment of standards for stablecoins, trading platforms, staking, prudential exposure to cryptocurrencies and loans related to cryptoassets.
The final documents will be published from 2026, at which time the regime will officially come into force. This roadmap is complemented by a recent speech by Tulip Sidiq, Secretary of the Economy, who promised draft regulations for early next year.
Growth of interest in cryptoassets
According to a study commissioned by the FCA, the Crypto asset ownership in the UK has grown by 4% in the last two yearsreaching 7 million adults, which represents approximately 10% of the total population. This increase highlights the need for a strong regulatory framework that protects both consumers and the market.
Collaboration and transparency as key pillars
Matthew Long, head of payments and digital assets at the FCA, emphasized the agency’s commitment to working closely with:
- The British Government.
- International partners.
- The crypto industry and consumers.
This approach seeks to ensure that the final rules are balanced and effective for all actors involved.
The European and international context
The UK regime will develop in the footsteps of MiCA of the European Union, a comprehensive set of rules that will come into force at the end of 2024. This strategic alignment reflects the United Kingdom’s interest in remaining competitive on the global landscape, while defining its own vision for crypto regulation.
The UK’s 2026 plan not only reinforces its stance on innovation in cryptoassets, but also highlights its commitment to a balance between security and development in this growing sector.
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