The UK’s Financial Conduct Authority (FCA) has initiated a wide-ranging public consultation on its proposed regulatory framework for the cryptocurrency industry, inviting feedback from market participants, firms and consumers through Feb. 12, 2026. The move marks a key step in shaping the United Kingdom’s future crypto rulebook ahead of planned implementation in 2027.
What the consultation covers?
The FCA’s consultation — published on Dec. 16, 2025 — sets out a series of proposals for how crypto markets and firms should be regulated. The draft rules and guidance address many facets of digital-asset activity, including:
1) Regulation of crypto-asset trading platforms and intermediaries.
Staking, lending and borrowing protections to clarify risks for users and firms.
2) Admissions and disclosures for crypto assets, and controls to counter market abuse and manipulation.
3) Prudential requirements designed to strengthen financial resilience for regulated crypto firms.
4) Standards intended to help consumers make informed decisions when engaging with crypto products.
5) Consultation papers including CP25/40, CP25/41 and CP25/42 form part of the FCA’s broader “Crypto Roadmap” — a sequence of proposals that together will create a more comprehensive regulatory structure.
Responses to these papers are invited by 12 February 2026.
