According to the Financial Conduct Authority (FCA), the UK could implement crypto asset market regulations by 2026.
As part of this effort, the FCA has published a discussion paper on admissions, disclosure and market abuse regulation.
The FCA will be given expanded authority to oversee crypto asset trading, stablecoin regulation, intermediation, custody and other related activities, in addition to its existing oversight of promotional and anti-money laundering activities.
Existing financial instruments, such as tokenized assets, security tokens and investment vehicles, are already covered by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
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