Big shake-up in UK crypto regulation! The licensed era is coming 🇬🇧
The UK’s FSMA crypto regulatory framework is officially finalized! 📜
🔑 Key takeaways (quick read):
• Full implementation from October 2027; FCA applications open at the end of September
• Minimum capital requirement: £150,000
• Stablecoins, exchanges, custody, and staking all must be licensed
• Personal CGT 10–20%; OECD CARF automatically handles tax filing
Unlike the EU’s MiCA, the UK also puts stablecoins under FSMA regulation, making oversight much stricter. Compliance costs may rise in the short term, but in the long run, institutional funds are likely to come in with higher confidence. For London to become Europe’s crypto hub, this move is quite decisive 💪
#Crypto #UK #Regulation
The UK’s FSMA crypto regulatory framework is officially finalized! 📜
🔑 Key takeaways (quick read):
• Full implementation from October 2027; FCA applications open at the end of September
• Minimum capital requirement: £150,000
• Stablecoins, exchanges, custody, and staking all must be licensed
• Personal CGT 10–20%; OECD CARF automatically handles tax filing
Unlike the EU’s MiCA, the UK also puts stablecoins under FSMA regulation, making oversight much stricter. Compliance costs may rise in the short term, but in the long run, institutional funds are likely to come in with higher confidence. For London to become Europe’s crypto hub, this move is quite decisive 💪
#Crypto #UK #Regulation