UK Financial Regulator Nearing Final Consultation Phase for Key Cryptocurrency Rules

Odaily News: The UK Financial Conduct Authority (FCA) has entered the final consultation phase for establishing key cryptocurrency rules and is soliciting final feedback on 10 regulatory proposals, with a deadline of March 12, 2026. These proposals aim to apply traditional financial standards to the crypto market, covering aspects such as codes of business conduct, credit purchases of crypto assets, regulatory reporting, asset protection, and retail collateral handling.

As part of the UK government's crypto roadmap, the FCA plans to open license applications for crypto asset service providers in September 2026 (not yet finalized). This licensing regime will impose stricter supervision on crypto companies, requiring them to obtain FCA authorization to operate in the UK. (Cointelegraph)