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UK FCA opens crypto consultation on stablecoins, trading, custody and staking, plans 2026 approvals for 2027

The UK Financial Conduct Authority has opened a final consultation on regulating stablecoins, trading, custody and staking ahead of an October 2027 regime switch‑on, and the process includes a 2026 authorization timeline for some firms [1][3].

Apr 17, 20261:20 AMNewsroom AI

The Financial Conduct Authority (FCA) has launched a fresh consultation — described by the regulator as its final exercise before implementation — that seeks views on how stablecoins, trading, custody and staking should be regulated, and it is asking crypto firms and other stakeholders to respond [1] [2].

The consultation is part of a timetable that points to an October 2027 deadline for the full crypto regime to be in force, while the FCA has also set an authorization timeline that will see some firms move toward formal approval in 2026, indicating a phased transition to statutory oversight [2] [3].

Reporting on the consultation says it signals tighter oversight across multiple crypto activities and a narrowing transition period that will require firms to prepare for new compliance and enforcement expectations as rules are finalised [3] [4].

The FCA will consider consultation responses to shape the final rule set ahead of the regime switch‑on in 2027 [1].

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