Britain’s Financial Conduct Authority (FCA) has opened a broad consultation on proposed new rules for the crypto industry, a day after the government confirmed the sector will come under regulation from October 2027.
The watchdog outlined its proposals alongside new research showing that crypto ownership among UK adults has fallen sharply, dropping from 12% to 8% over the past year. Regulators worldwide are racing to catch up with the fast-growing sector, with the UK signalling it will align its approach more closely with the United States than the European Union.
Under the proposals, the FCA would regulate crypto asset listings, introduce measures to prevent insider trading and market manipulation, and set standards for trading platforms and brokers. The consultation also covers prudential requirements, clearer disclosures around crypto staking risks, stronger protections for crypto lenders and borrowers, and potential financial safeguards to help firms manage operational risks.
“Regulation is coming – and we want to get it right,” said David Geale, the FCA’s executive director for payments and digital finance. “Our goal is a regime that protects consumers, supports innovation and builds trust in the market.”
The FCA is inviting feedback on the proposals until February 12, 2026, and has committed to finalising the UK’s crypto regulatory framework by the end of next year.
