UK to Fully Regulate Crypto by 2026, Integrate Traditional Finance with Digital Assets

Nov 26, 2024, 11:37 AM

The UK's Financial Conduct Authority (FCA) has announced a roadmap to fully regulate the cryptocurrency industry by 2026, with consultations beginning this quarter. The plan aims to integrate traditional finance with digital assets, as highlighted by the Economic Secretary to the Treasury. The regulatory framework will address issues such as market abuse, trading platforms, lending, and stablecoins. This move comes as approximately 10% of the UK's population, around 7 million adults, now own cryptocurrencies.