The UK's financial regulatory body is about to complete the final consultation phase on key cryptocurrency rules

According to market news, the UK's Financial Conduct Authority (FCA) has entered the final consultation phase for key cryptocurrency rule-making and is seeking final feedback on 10 regulatory proposals. These proposals aim to apply traditional financial standards to the crypto market, covering various aspects such as codes of conduct, credit purchases of crypto assets, regulatory reporting, asset protection, and retail collateral handling.

As part of the UK government's crypto roadmap, the FCA plans to open licensing applications for crypto asset service providers in September 2026 (yet to be confirmed). This licensing regime will impose stricter oversight on crypto companies, requiring them to obtain FCA authorization to operate in the UK.