UK regulators start major consultation on crypto listings, DeFi, and staking
TL;DR
The UK's FCA is consulting on cryptocurrency regulations, proposing a TradFi-like approach covering listings, exchanges, DeFi, and staking. Responses are due by Feb 12, 2026, with the Treasury aiming for a full framework by 2027.
Key Takeaways
- •The UK FCA is seeking feedback on proposed crypto regulations that mirror traditional finance approaches.
- •The consultation covers crypto listings, exchanges, market abuse, DeFi, staking, and other areas.
- •Responses to the FCA consultation are open until February 12, 2026.
- •The UK Treasury plans to establish a comprehensive crypto regulatory framework by 2027.
- •The Bank of England has also proposed stablecoin oversight rules open for consultation through February 2026.
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What to know:
- The U.K.'s FCA is seeking feedback on proposed cryptocurrency rules under a new regulatory framework.
- The proposals outline a "similar approach" to regulating crypto as in traditional finance.
- Responses to the FCA's consultation are open until Feb. 12, 2026.
- The U.K.'s FCA is seeking feedback on proposed cryptocurrency rules under a new regulatory framework.
- The proposals outline a "similar approach" to regulating crypto as in traditional finance.
- Responses to the FCA's consultation are open until Feb. 12, 2026.
The U.K.'s Financial Conduct Authority (FCA) is seeking feedback on proposed cryptocurrency rules under a new regulatory framework.
The watchdog is consulting on areas such as rules for listing crypto tokens, standards for exchanges, market abuse, requirements for brokers and other middlemen, lending and borrowing, decentralized finance (DeFi) and staking, according to an announcement on Tuesday.
The proposals outline a "similar approach" to regulating crypto as in traditional finance (TradFi), echoing the U.K. finance ministry's Monday announcement of its intention to extend financial services rules to crypto.
The Treasury said it plans to build a regulatory framework for the cryptocurrency industry by 2027.
Responses to the FCA's consultation are open until Feb. 12, 2026.
The Bank of England (BOE) has also proposed rules for the oversight of stablecoins, which is also open to consultation through February 2026.
Read More: UK FCA plans to waive some rules for crypto companies: FT
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- The Federal Deposit Insurance Corp., which regulates thousands of banks in the U.S., has issued its first proposal of a rule governing the application process for issuing stablecoins.
- The propsoal would effect depository institutions that want to set up subsidiaries for issuing the dollar-backed tokens.
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