The Financial Conduct Authority (FCA) is consulting on new guidance to help firms understand how they might be affected by the regulatory regime for digital currencies. Specifically, on its interpretation of qualifying digital currencies, issuing qualifying stablecoins, operating trade platforms, dealing in and arranging deals with qualifying and safeguarding digital currencies, and staking.

The long wait for digital asset regulation in the U.K. will finally be over on October 25, 2027, when the Financial…