According to PANews, the UK Financial Conduct Authority hopes to implement a cryptocurrency regime by 2026 to cope with the growth of cryptocurrency ownership.
The FCA plans to publish a discussion paper on market abuse and disclosure by the end of this year, and relevant documents on stablecoins, trading platforms, etc. early next year. The system will take effect after the final policy statement is released in 2026.
Research commissioned by the FCA shows that crypto asset holdings have increased by 4% in the past two years, with about 7 million British adults holding crypto assets. The UK will announce cryptocurrency and stablecoin regulatory rules in early 2025.
