UK financial regulator FCA plans to implement cryptocurrency by 2026
Internet reports that the UK's financial regulator FCA plans to implement a cryptocurrency regime by 2026 in response to the country's growing cryptocurrency ownership. The roadmap released by the FCA shows that the agency plans to release discussion documents on market abuse and disclosures before the end of this year, and plans to release documents on stablecoins, trading platforms, pledges, prudent cryptocurrency risk exposure and lending by the beginning of next year. The system is planned to take effect after the final policy statement is issued in 2026. A study commissioned by the FCA shows that the country's crypto asset holdings have increased by 4% in the past two years, with approximately 7 million adults owning crypto assets out of the country's approximately 68 million people.
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