How might crypto regulation change in the UK?
On April 29 2025, the chancellor announced the publication of the draft UK legislation for regulating cryptoassets. The industry has been waiting for this confirmation of the scope of the extension to the regulatory regime following a consultation and feedback in 2023.
This enables the Financial Conduct Authority, which will regulate the new cryptoasset activities, to continue with its roadmap of discussions and consultations about the rules to apply to regulated firms and how to apply for authorisation. The FCA duly published a discussion paper on regulating cryptoasset activities on May 2 2025.
