According to PANews, the UK's Financial Conduct Authority hopes to implement a cryptocurrency regime by 2026 to address the growth in cryptocurrency ownership.
The FCA plans to publish a discussion paper on market abuse and disclosure by the end of this year, and related documents on stablecoins and trading platforms early next year. The regime will come into effect after the final policy statement is released in 2026.
Research commissioned by the FCA shows that the ownership of crypto assets has grown by 4% over the past two years, with approximately 7 million UK adults holding crypto assets. The UK will announce regulatory rules for cryptocurrencies and stablecoins in early 2025.