UK FCA plans to implement cryptocurrency regime by 2026

The UK financial regulator FCA plans to implement a cryptocurrency regime by 2026 to deal with the growing ownership of cryptocurrencies in the country. The roadmap released by the FCA shows that the agency plans to publish discussion papers on market abuse and disclosure by the end of this year, and intends to publish documents on stablecoins, trading platforms, staking, prudent cryptocurrency exposure and lending by early next year. The regime is scheduled to take effect after the final policy statement is released 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, and about 7 million adults own crypto assets out of the country's population of about 68 million. (CoinDesk)