The FCA presented its proposals alongside research which shows the proportion of UK adults holding cryptocurrencies has fallen by a third, from 12% to 8% over the past year.
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Watchdogs around the world are playing catch-up on crypto sector rules, with Britain seeking to bring its regulations in line with those of the United States rather than the European Union.
The FCA said on Tuesday its rules would cover the listing of crypto assets, measures to stop insider trading and manipulation, standards for crypto trading platforms and rules for brokers.
It is also consulting on prudential requirements, regulations to clarify the risks of crypto staking, better protections for crypto lenders and borrowers, and potential financial guarantees for crypto businesses to manage risks.
“Regulation is coming – and we want to get it right. We’ve listened to the feedback and are now setting out our proposals for the UK’s crypto regime,” said David Geale, executive director of 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 finalize these rules.”
The FCA is seeking feedback on its proposals before the deadline of February 12, 2026. The regulator has promised to finalize the regime by the end of next year.
Reporting by Iain Withers and Phoebe Seers Editing by Tomasz Janowski
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