The UK's FCA Consults on Crypto-Asset Regulations in the Stablecoin and Exchange Sector

April 16. Per The Block, the UK’s Financial Conduct Authority (FCA) has released a new consultation document on cryptocurrency regulation, seeking feedback on the scope of specific regulated crypto asset activities under its regulatory roadmap. The consultation covers activities including stablecoin issuance, trading platforms, custody, and staking. It’s open to individuals, businesses, industry groups, policymakers, and academics, with a deadline of June 3, 2026. Crypto firms can apply for FCA authorization as early as September 30, 2026. This consultation marks the latest step in the UK’s crypto regulatory roadmap. Earlier this year (February), the “Financial Services and Markets Act 2000 (Cryptoasset) Regulations 2026” officially went into effect, bringing new types of crypto asset activities under the FCA’s oversight. The FCA noted that much of the rule consultation work for the future crypto regulatory framework is complete, with policy statements expected this summer and a final policy statement due in the fall. The FCA emphasized: “Until the new regulatory framework is fully in place, cryptocurrencies remain largely unregulated—only subject to rules related to financial promotions and financial crime.” Additionally, the FCA said it will launch a new round of consultations later this year on DeFi, distributed ledger technology (DLT) business resilience, and updates to anti-money laundering (AML) guidance.