The UK regulatory authority launches consultation on new cryptocurrency rules

PANews December 16 News, according to Reuters, the UK Financial Conduct Authority (FCA) on Tuesday conducted extensive consultations on a series of proposed regulations targeting the cryptocurrency industry. The day before, the UK government announced that it would implement regulation for the industry starting in October 2027. Along with the proposed rules, the FCA also released a research report showing that over the past year, the proportion of UK adults holding cryptocurrencies decreased by one-third, from 12% to 8%.

On Tuesday, the FCA stated that its rules will cover the listing of crypto assets, measures to prevent insider trading and market manipulation, standards for cryptocurrency trading platforms, and broker regulations. The agency also solicited feedback on prudent requirements, regulatory measures to clarify the risks of crypto staking, enhanced protections for crypto lending parties, and potential financial safeguards for crypto companies to manage risks. The FCA is seeking comments on its proposals, with a deadline of February 12, 2026. The regulatory authority has pledged to finalize the regulatory framework by the end of next year.