The UK's FCA launches consultation on new cryptocurrency rules.

Odaily reports that the UK Financial Conduct Authority (FCA) has launched a consultation on a series of proposed rules for the cryptocurrency industry. This comes after the UK government announced it would begin regulating the sector from October 2027. An FCA study also revealed that the percentage of UK adults holding cryptocurrency has fallen from 12% to 8% over the past year.

The FCA's proposals cover crypto asset listings, insider trading and market manipulation, trading platform standards, and brokerage rules. Additionally, the consultation includes prudential requirements, regulation of cryptocurrency staking risks, protection of cryptocurrency lending, and risk management measures for crypto companies.

The deadline for comments on the proposal is February 12, 2026, and the FCA plans to finalize the regulatory framework by the end of next year. (Reuters)