U.K.’s Financial Conduct Authority (FCA) has opened consultations on the proposed crypto guidelines as it seeks to finalize the regulations by October 2027. The development comes at a time when the country is looking to position itself among economies that have already embraced the crypto sector including the U.S., the EU, as well as the UAE among others.
The FCA on Tuesday, December 16, said that U.K.’s regulatory approach toward crypto would be similar to the one it takes on traditional finance. It would focus on clear information to the crypto community, set compliance and treasury requirements for crypto businesses among other focus areas.
“Regulation is coming – and we want to get it right. Our goal is to have a regime that protects consumers, supports innovation and promotes trust. We welcome feedback to help us finalise these rules,” David Geale, FCA’s executive director for payments and digital finance said in his statement.
The proposed crypto rules touch upon subjects including market disclosures, market abuse, intermediaries, prudential requirements, as well as borrowing and lending.
The response window for consultations for these proposed crypto rules will close on February 12, 2026.
For now, the U.K. defines its crypto-related regulatory progress “significant” as it has managed to have operating firms register with the FCA.
The FCA has, however, spotlighted that the crypto sector still remains largely unregulated in the country.
“Earlier this year, the FCA consulted on key topics such as stablecoins, crypto asset custody and conduct of business and high-level standards. Soon, the FCA will consult further on Consumer Duty and other consumer protection matters for crypto assets, including our approach to financial promotions,” the FCA added in its statement.