|

FCA sets 2026 deadline to finalize UK crypto rules

  • The UK Financial Conduct Authority (FCA) plans to finalize crypto regulations by 2026, targeting market abuse, trading platforms, lending and stablecoins.
  • Input from over 100 organizations, including crypto exchanges, banks and regulators, is shaping FCA's framework to align with global standards.
  • Crypto adoption in the UK is on the rise, with FCA reports showing a 12% ownership rate among adults and increasing public awareness.

The United Kingdom's (UK) Financial Conduct Authority (FCA) plans to strengthen its cryptocurrency regulations by 2026, using insights from key bodies like the Treasury, the Bank of England and the United States (US) Securities and Exchange Commission (SEC).

Bloomberg's report on Tuesday details the FCA's strategy to enforce rules against market abuse and regulate trading platforms, lending services and stablecoins within the crypto ecosystem.

Crypto ownership in UK surges

The FCA plans to start consultations and discussions by late 2024 to ensure the UK remains competitive with global players like the US and Hong Kong in the changing cryptocurrency landscape.

A blog post on the FCA’s website stated that feedback from over 100 cryptocurrency and traditional finance organizations has been collected. Contributors include crypto exchanges, banks, trading firms, blockchain analytics companies and key regulatory bodies like the Treasury, the Bank of England and the SEC.

The SEC has faced criticism for its strict approach to the crypto market. In 2023, SEC Chairman Gary Gensler led the agency to initiate 46 enforcement actions against crypto entities, including major firms like Binance and Bittrex.

In the FCA blog post, Mark Long, Executive Director, highlighted the importance of stopping market abuse because it is necessary for financial markets to work well and for investors to make smart choices. He stressed how important it is to understand market abuse in the crypto business and put in place strong rules to stop it.

According to data from the FCA, 12% of UK adults now own cryptocurrency, 10% more than the previous number. The number of people in UK who know about crypto has increased from 91% to 93%, showing that adoption is steadily growing.

Author

Reza Ali

Reza Ali

FXStreet

Reza Ali is a seasoned crypto-journalist and analyst with over four years of dedicated experience in the crypto and fintech space. He holds a bachelor’s degree in business administration.

More from Reza Ali
Share:

Editor's Picks

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment. 

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin holds above support at $65,118 at the time of writing on Friday. Ethereum remains choppy in a narrow range between support at $1,900 and resistance at $2,000, while Ripple attempts another upward move toward the pivotal $1.40 level.

PancakeSwap Price Analysis: Bearish momentum suggests further downside

PancakeSwap (CAKE) is trading below $1.26 at the time of writing on Friday, extending the losses by over 8% so far this week. The weakening derivatives market further supports the bearish outlook, with bears aiming for levels below $1.18.

Decred Price Forecast: DCR rebounds toward key resistance zone on volume spike

Decred (DCR) rebounds over 7% at press time on Friday after a three-day decline of almost 14%. Roughly 60% increase in trading volume over the last 24 hours supports the recovery, suggesting heightened spot-market demand. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.