Cryptocurrency Regulation Timeline Announced by UK: 2026
The Financial Conduct Authority (FCA) has published a roadmap for consultations on cryptocurrency regulations, with legislation set to come into force in 2026, likely towards the end of the year. This announcement was made in a speech this week by the Economic Secretary to the Treasury, Tulip Siddiq.
The new Labour government is not prioritizing stablecoin legislation, preferring to provide more space for innovation. A consultation on the same topics is expected in Q3 of next year. The consultations for the regulations are being split into four groups, with discussion papers on admission and disclosures and market abuse expected this quarter.
The FCA has also published the results of a recent crypto survey. The name of the senior official within the FCA leading the consultations on cryptocurrencies and stablecoins is not provided in the available search results.
It's important to note that all crypto regulations will be implemented in a single phase. The Economic Secretary to the Treasury, Tulip Siddiq, made a speech this week mentioning changes in crypto regulations, emphasizing the importance of comprehensive and detailed information for those in the crypto industry.
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The previous UK Conservative government had planned to have regulations for stablecoins and cryptocurrency staking in place by now, but these plans have been revised under the new administration. The UK Labour government is not prioritizing stablecoin legislation, preferring to provide more space for innovation.
This news marks a significant step forward in the regulation of the cryptocurrency industry in the UK. Stay tuned for more updates as the consultations progress.
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