UK FCA Unveils New Rules for Digital Asset Market Participants

The UK's Financial Conduct Authority (FCA) has outlined new rules for digital asset market participants. The regulatory regime will take effect on October 25, 2027.

Companies can submit license applications starting September 30, 2026. The FCA advises businesses to review the guidance now.

The new rules cover key areas such as the issuance of stablecoins that meet standards, management of crypto exchanges, conducting digital asset transactions, custody of cryptocurrencies (custodial services), and organization of staking.

David Geale, FCA's Executive Director of Consumers, Payments, and Competition, emphasized the agency's goal to create a safe and transparent market. 'Preparing for regulation starts with understanding how the law applies to your business,' he stated.