The UK is shaping a new regulatory framework for cryptoassets, aiming to create a more inclusive, efficient, innovative and competitive digital economy. With a focus on attracting talent and investment, these changes are key to establishing the UK as a leading global hub for the cryptoasset industry.
While the new regulations will take effect on 25 October 2027, businesses need to start preparing now. 2026 is a crucial year that will shape the final requirements (per the FCA’s Crypto Roadmap, available here). Staying informed and engaged will be essential for businesses looking to adapt and succeed.
What happens next?
The FCA also unveiled an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime. The roadmap provides much-awaited insight into the direction of cryptoasset regulation, setting out a series of focused consultations that target different aspects of the future regime, and marks a significant step in the UK’s approach to crypto regulation, aligning with global efforts. With the EU’s Markets in Crypto-Assets Regulation (MiCAR) taking effect in December 2024 and the US progressing with the Financial Innovation and Technology for the 21st Century Act (FIT 21), CLARITY Act and GENIUS Act, it’s clear that regulatory clarity is becoming a priority worldwide. For the UK to remain competitive, a well-defined and forward-looking regulatory framework is essential and the FCA anticipates all consultation papers, policy statements and final rules to be published in 2025 / 2026 and the new regulatory regime to go live shortly after.
Existing cryptoasset firms and new market entrants looking to provide services in the UK or to UK customers (including from overseas) should take this opportunity to assess how these changes impact them. By understanding the evolving landscape, firms can proactively engage with the Financial Conduct Authority (FCA) and ensure they are well-prepared for the new regime.
How can CMS help?
At CMS, our digital assets experts are closely monitoring these regulatory changes. On this page you can find various articles and other publications that relate to the proposed new UK regulatory regime for cryptoassets, as well as other materials such as recordings of our webinars. If you need guidance on how these developments could impact your business, we’re here to help. Get in touch with our key contacts or your usual CMS advisor to discuss how to navigate the evolving crypto regulatory environment with confidence.
