UK plans full cryptocurrency regulation

UK watchdog plans full crypto regulation from 2026

Britain’s financial watchdog, on Tuesday, launched plans for full regulation of cryptocurrency from 2026. This move is coming amid booming demand for highly volatile bitcoin.

The world’s biggest cryptocurrency has surged in value since Donald Trump won the US presidential election in early November.

However, bitcoin has also experienced huge losses in recent years.

Trump has pledged to make the United States the cryptocurrency capital of the world through supportive regulations, pushing bitcoin towards the symbolic record $100,000 mark.

On stablecoins

Britain’s Financial Conduct Authority on Tuesday announced a roadmap featuring consultations on cryptocurrency regulation ahead of “final rules” by the watchdog in 2026.

The FCA also plans by early next year rules on “stablecoins”, which are backed by a traditional currency, most often the dollar.

Crypto ownership has grown to 12 percent of adults in the UK, according to data from the regulator published Tuesday.

“Currently, cryptocurrency remains largely unregulated in the UK and high-risk,” the FCA said.

“Our research results highlight the need for clear regulation that supports a safe, competitive and sustainable cryptocurrency sector in the UK,” said Matthew Long, director of payments and digital assets at the watchdog. #Binance #btcnews #cryptoworld

The FCA last year tightened rules over the promotion and selling of cryptocurrency. This include measures to ensure companies promoting these digital assets give “clear warning” that customers could lose money in “high risk” investments.