PANews reported on November 26 that according to CoinDesk, the UK financial regulator, the Financial Conduct Authority, said it hopes to implement a cryptocurrency regime by 2026 to cope with the country's growing cryptocurrency ownership. The roadmap released by the UK Financial Conduct Authority (FCA) stated that the agency plans to publish a discussion paper on market abuse and disclosure by the end of this year. It intends to publish documents on stablecoins, trading platforms, pledges, prudent cryptocurrency risk exposure and lending by early next year. The regime is scheduled to take effect after the final policy statement is released in 2026.
A study commissioned by the FCA showed that crypto asset holdings have grown 4% over the past two years, with around 7 million adults holding crypto assets out of the country’s population of around 68 million.
Earlier yesterday, it was reported that the UK will announce regulatory rules for cryptocurrencies and stablecoins in early 2025 .
