The United Kingdom plans to establish a regulatory framework for cryptocurrencies by 2026
IN BRIEF The United Kingdom is establishing a regulatory framework for cryptocurrencies. Goal: to finalize measures by 2026. The FCA will be responsible for market oversight. Publication of working papers on market abuse is planned. Legislation regarding stablecoins will take effect in early 2025. About 12% of British adults hold cryptocurrencies. The framework aims to protect consumers in a rapidly growing sector. The initiative comes in response to the European MiCA regulation. The United Kingdom is preparing to provide significant support to its cryptocurrency sector by setting up…
