What activities will be regulated under the new regime?

The FSMA (Cryptoassets) Regulations 2026 define nine new regulated activities. Here are the six most relevant to retail investors.

1. Operating a crypto trading platform

Exchanges and apps that let UK users buy, sell or swap cryptoassets must hold full FCA authorisation from October 2027.

2. Dealing in cryptoassets (as principal or agent)

Firms that execute trades on your behalf or take the other side of your trade require FCA authorisation.

3. Safeguarding (custody) of cryptoassets

Firms holding your crypto on your behalf – exchanges, custodians, wallets – require authorisation.

4. Staking services

Firms offering staking on behalf of retail investors require authorisation….