The UK regulator is entering the final phase of discussions on cryptocurrency regulation


The UK regulator (FCA) has moved into the final phase of negotiations on the proposed cryptocurrencies legislation, as part of the government’s overall plan to bring the digital economy firmly into the national legal system.

Important points:

  • The Financial Conduct Authority (FCA) has entered the final phase of negotiations on 10 proposed regulations to regulate the UK’s cryptocurrency market.
  • The regulatory body wants to promote trust and transparency while recognizing that the risks of investing in cryptocurrencies will remain.
  • A new licensing system for cryptocurrency companies has been launched, and applications are expected to begin in September 2026.

in The word that has been released recently The Financial Conduct Authority said it wanted responses to the 10 proposed rules, describing the move as the “final stage” in the negotiations.

The proposals aim to shape the way cryptocurrency businesses operate in the UK, while aligning the sector more closely with the standards used in financial markets.

The Financial Conduct Authority said the new rules for cryptocurrencies are aimed at building trust without eliminating risk

“These initiatives continue to move towards an open, stable and competitive cryptocurrency market that people can trust,” the regulator said.

Meanwhile, the Financial Conduct Authority has emphasized that investing in cryptocurrencies will always have risks, and that the law aims to improve transparency and consumer understanding rather than eliminate all uncertainty.

The consulting package includes many marketing services.

These include regulations on business standards, restrictions on the use of credit when buying cryptocurrencies, reporting requirements, asset protection, and how to use collateral provided to individuals when borrowing digital assets.

Stakeholders have until March 12 to submit their comments.

The proposal was first introduced in December, when the Financial Conduct Authority expressed its intention to regulate cryptocurrencies in a way that is more compatible with traditional financial services.

Since then, the governor says he has been “very successful” in developing policies as part of the government’s crypto roadmap.

Earlier this month, the FCA also published a timetable for the new licensing regime for crypto asset providers.

Under the current plan, the window for companies seeking a license is expected to open in September 2026, although the regulator said that details will be confirmed at a later date.

Once the licensing authority comes into force, it will establish greater oversight of cryptocurrency companies operating in the UK, which require the approval of the Financial Conduct Authority and continue to comply with regulations.

The UK is considering banning cryptocurrency donations

According to reports, the British government is considering banning cryptocurrency donations to political parties, which would directly affect the British Reform Party, which recently became the first party in the country to accept digital currency.

The proposal is being reviewed as part of an upcoming document, according to people familiar with the internal discussions, although officials have not yet confirmed the plan.

This debate comes as a result of the efforts of the British Reform Party to present itself as the most crypto-friendly party in Britain under the leadership of Nigel Farage.

In addition, the UK government has come close to reforming the way DeFi services are taxed, supporting a new system that would prevent users from being hit with huge profits every time they deposit tokens to lending protocols or lending pools.

A note The UK regulator is entering the final phase of discussions on cryptocurrency regulation appeared for the first time Cryptonews Arabic.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *