The UK's Financial Conduct Authority (FCA) has officially entered the final consultation phase in developing a comprehensive regulatory framework for the crypto market, marking a significant step before the new licensing mechanism is implemented.
According to the latest proposal, FCA is focusing on soliciting feedback on several key issues, including:
- Business conduct standards for crypto businesses.
- Crypto purchases are conducted using credit, aiming to control the risk of excessive debt.
- Regulations for protecting and safeguarding digital assets, ensuring the safety of investors' assets.
Consultation period and implementation roadmap
The FCA stated that the deadline for receiving feedback is March 12th, after which the agency will finalize the regulations. The new crypto licensing regime is expected to officially come into effect in September 2026, requiring businesses operating in the UK to fully comply in order to continue providing services.
This legal framework is designed to create an open, sustainable, and fairly competitive crypto market, while applying regulatory standards equivalent to traditional finance, rather than the "out-of-control" approach of the previous period.
