U.K. FCA will finalize crypto industry regulations in 2026: report
The United Kingdom Financial Conduct Authority plans to finalize regulations for the crypto industry by 2026, following input from organizations such as the Treasury, Bank of England, and U.S. Securities and Exchange Commission
According to a Bloomberg report on Nov. 26, the FCA develop rules to address market abuse, regulate trading platforms, lending, and stablecoins among others.
The regulatory agency plans to begin consultations and discussions by late 2024, aiming to prevent the UK from falling behind other nations like the U.S and Hong Kong.
“We’ve had many, many good conversations recently with industry about how we’re going to learn from regulation around the world,” said Matthew Long, the FCA’s…
