FCA Reveals UK Crypto Regulation Roadmap Till 2026
The UK’s financial regulator, the FCA, has released a statement and roadmap to finalize comprehensive cryptocurrency regulations by 2026. FCA’s business in this area will increase significantly in the first half of 2025.
The FCA has acknowledged the growing popularity of the cryptocurrency industry in the UK, but its previous regulatory record has been met with widespread disdain.
FCA Cryptocurrency Regulation Plan
UK Financial Conduct Authority (FCA) Announce On Tuesday, the UK prepared to finalize UK cryptocurrency regulation by the first quarter of 2026. Areas of focus include market abuse, trading platforms, lending and stablecoins.
The regulator also issued Research It shows that cryptocurrency awareness in the country has risen to 93%, while ownership has increased to 12%. This suggests that more UK adults are now interested in cryptocurrencies as an asset class or investment product.
However, FCA Current regulatory policies It has caused an uproar in the industry. Last August, one UK Cryptocurrency Firms Survey More and more people are expressing doubts about FCA’s practices. Before he was appointed to this position, FCA Chairman Ashley Alder Attacks Cryptocurrency Industryand he remains employed in that position.
Still, regulators acknowledge the industry’s growing popularity. It is said that 12% of British adults currently own digital assets, and this number is growing.
UK regulation remains a gray area
exist recent parliamentary electionsthe less industry-friendly candidate won. Labor is known for its negative stance on cryptocurrencies and its favoritism towards open banking.
Nonetheless, shifts in the US regulatory environment following Trump’s re-election appear to have influenced the UK’s decision to reconsider its policy.
“Our findings highlight the need for clear regulation to support a safe, competitive and sustainable crypto industry in the UK. We want to develop an industry that embraces innovation and is underpinned by market integrity and consumer trust.” FCA Payments and Digital Assets Director Matthew Long said.
In other words, these regulations open up several promising possibilities for users and businesses in the region. The FCA claims it consulted with more than 100 cryptocurrency organizations, including exchanges, blockchain analytics firms and other advocates.
A 2023 survey showed 85% of exchanges do not meet current FCA standards. If regulators want the UK cryptocurrency industry to be competitive, these restrictions may need to be relaxed.
However, there are many bearish signals that cannot be ignored. In addition to these industry professionals, the FCA also consults with various regulatory agencies, including the US SEC. Matthew Long gave interview and Bloomberg His remarks directly reflect a pessimistic view of today’s regulations:
“There are no protections for investing in cryptocurrencies. So, unfortunately, our message is ‘be prepared to lose all your money,’” Long claimed.
comprehensive, Cryptocurrency regulations Still a gray area in the UK. FCA has previously introduced Strict rules for cryptocurrency advertising in the country. This resulted in many major exchanges such as Binance significantly reduce their business in the country.
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