The UK Financial Conduct Authority is nearing the end of planning for the new regulatory regime. As a part of that renewed focus, it’s taking another hard look at crypto custody.
Seeking Feedback
The FCA hopes to keep the crypto market open, competitive, and sustainable. Regulations help build a trustworthy market, so the FCA is requesting feedback on regulated activities from FCA compliance consultants such as www.adempi.co.uk. They’re taking a second look at staking, safeguarding, platform operations, and dealing.
What Comes Next?
The crypto space has been relatively unregulated until now, but businesses can start applying for authorisation in September this year. The FCA has, however, issued a warning that crypto is a high-risk investment, so traders should only stake what they can “afford to lose.”
More About the Crypto Roadmap
The FCA is offering webinars that teach applicants about the new regulations. They’ll touch on those that fall within the scope of money laundering and the new certification regime first. Then they’ll move on to the issuance and custody of Stablecoins. Lending rules and ownership disclosures will come next. The final leg of the roadmap will include the Senior Managers and Certification Regime.
Regulations keep consumers and traders safe, so they allow the industry to thrive. With new, carefully considered policies in play, the regime will go live on 30 September 2026. The gateway will open a few days earlier. Anyone who provides crypto services must register if their services enter the scope of the new money laundering regulations.
