The number of UK crypto users surged significantly in the past two years.
Seven million adults became first-time crypto owners in the UK within the last two years.
The FCA aims to achieve a cryptocurrency regime by 2026.
The number of UK crypto users has increased significantly over the past two years, prompting regulators to work toward implementing a dedicated crypto regime. Reports indicate that the UK’s Financial Conduct Authority (FCA) plans to establish the framework by 2026 in response to the growing number of people owning crypto in the country.
The FCA has outlined a roadmap for the UK crypto regime, with discussion papers on key areas such as stablecoins, trading platforms, staking, and crypto lending expected later this year. These papers will lead to a finalized policy statement by 2026, addressing market abuse, disclosure standards, and prudential exposure.
A study by the FCA reports that 7 million adults out of the UK’s roughly 68 million population became first-time cryptocurrency owners in the past two years. That reflects a 4% growth in the number of crypto owners within the country. Citing the growing adoption, Economic Secretary Tuli…
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