The UK is moving toward a fully regulated crypto market after the Financial Conduct Authority [FCA] published new guidance clarifying which activities will fall within its future regulatory framework.

The consultation, released on 15 April, sets out how firms may be affected by the regime, as the country transitions from a largely unregulated environment to a structured system governing cryptoasset services.

FCA defines scope of regulated crypto activities

The FCA’s proposed guidance focuses on identifying which crypto-related services will require authorisation.

These include operating trading platforms, issuing stablecoins, safeguarding assets, and staking. Also, dealing or arranging transactions in qualifying cryptoassets.

The…