The UK regulator has launched a consultation on new cryptocurrency rules

According to Reuters, the UK's Financial Conduct Authority (FCA) launched a wide-ranging consultation on Tuesday regarding a series of proposed rules for the cryptocurrency industry.

The day before, the UK government announced that it would implement regulations for the industry starting in October 2027. Along with the announcement of related proposals, the FCA also released a research report indicating that the proportion of UK adults holding cryptocurrencies has decreased by one-third over the past year, from 12% to 8%. The FCA stated on Tuesday that its rules will cover the listing of crypto assets, measures to prevent insider trading and manipulation, standards for cryptocurrency trading platforms, and broker regulations.

The agency is also consulting on matters such as prudential requirements, regulatory provisions to clarify the risks of cryptocurrency staking, enhanced protections for both parties in cryptocurrency lending, and potential financial safeguards for managing risks in crypto companies. The FCA is seeking feedback on its proposals, with a deadline of February 12, 2026. The regulatory body has committed to finalizing the regulatory framework by the end of next year.