Britain’s Financial Conduct Authority has launched a broad consultation on proposed rules for the crypto sector, following the government’s announcement that the industry will come under formal regulation from October 2027.
The watchdog said the consultation covers key areas including crypto asset listings, measures to curb insider trading and market manipulation, standards for trading platforms and requirements for brokers.
It is also seeking views on prudential requirements, clearer risk disclosures for crypto staking, stronger protections for crypto lenders and borrowers and potential financial safeguards to help firms manage risks.
Alongside the proposals, the FCA released research showing that crypto ownership among UK adults has fallen sharply over the past year, dropping to 8% from 12%.
The move comes as regulators worldwide continue to catch up with the fast-evolving crypto industry. Britain is positioning its approach closer to the US regulatory model rather than that of the European Union.
“Regulation is coming – and we want to get it right. We’ve listened to feedback and now we’re setting out our proposals for the UK’s crypto regime,” said David Geale, executive director for payments and digital finance at the FCA.
“Our goal is to have a regime that protects consumers, supports innovation and promotes trust. We welcome feedback to help us finalise these rules.”
The FCA said it is inviting responses to the consultation until February 12, 2026 and plans to finalise the UK’s crypto regulatory regime by the end of next year.
Reuters
