UK regulator launches consultation on new cryptocurrency rules

PANews, December 16, Reuters reported that the British Financial Conduct Authority (FCA) launched a broad consultation on a series of proposed rules for the cryptocurrency industry on Tuesday. The day before, the British government stated that it would regulate the industry from October 2027. When the FCA announced relevant proposals, it also released a research report showing that the proportion of British adults holding cryptocurrency fell by a third in the past year, from 12% to 8%.

The FCA said on Tuesday that its rules would cover the listing of crypto assets, measures to stop insider trading and manipulation, standards for cryptocurrency trading platforms and rules for brokers. The agency is also consulting on prudential requirements, regulatory provisions that would provide greater clarity on cryptocurrency staking risks, better protections for cryptocurrency borrowers and lenders, and potential financial safeguards for crypto companies to manage risk. The FCA is seeking comments on its proposals until February 12, 2026. The regulator has promised to finalize the regulatory regime by the end of next year.

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