On March 12th, the United Kingdom’s Financial Conduct Authority (FCA) will begin soliciting input regarding its most recent consultation on proposed regulatory framework revisions for the cryptocurrency industry.
The FCA recently released a statement summarizing this step in the agency’s efforts to help create a strong foundation for an innovative, secure, and trustworthy ecosystem around digital assets through consultation with businesses, consumers, regulators, and others affected by this rapidly evolving industry.
The FCA has identified ten major topics in its proposal and will now encourage public participation in reviewing and supporting these proposed regulations as part of its effort to develop a comprehensive set of standards for participants in the digital currency market.
According to the FCA, “Our vision is to ensure the development of a competitive, open and sustainable digital currency marketplace that provides confidence for consumers to engage with”, while allowing businesses the ability to innovate. The FCA also stated that while regulation will not over-regulate innovations, it believes everyone interested in investing in cryptocurrency needs to know that there are inherent risks.
Each area of the proposed framework includes specific elements for businesses engaged in the cryptocurrency marketplace. For example, the proposal discusses record-keeping requirements, customer identification, and asset protection. The full list of proposed projects can be found at FCA website.
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The FCA will also provide detailed information and guidance for those who choose to explore investment opportunities in cryptocurrency. If you would like to participate in the public consultation process, you must provide your comments by March 12th, 2026, on the FCA’s website.
The FCA initially presented this set of regulatory proposals in December, and at that time, the FCA stated that it would regulate the crypto sector in a similar manner as it does under traditional financial (Fi) regulations.
With that, the FCA Was Reported Having Made “significant progress” in firming up the specifics of the regulation as part of the UK Government’s Roadmap. Earlier this month, the FCA announced a Timeline for Crypto Asset Service Providers to complete their Registration Processes as part of the New License Regime that the FCA recently introduced.
“We expect to Start Accepting Applications in September 2026,” noted the FCA, and that additional details regarding the Timeline will follow. The New License Regime would place greater monitoring and regulation on Crypto Services, and require all crypto service providers to obtain authorization from the FCA before conducting their businesses in the UK.
