UK's FCA begins consultation on comprehensive crypto regulation

The UK's Financial Conduct Authority (FCA) has launched a consultation process on the comprehensive regulation of the cryptocurrency industry, Reuters reported. The consultation period will run until Feb. 12, 2026, with plans to finalize the regulatory framework by the end of that year. The move follows a draft proposal from the UK Treasury to place cryptocurrencies under the FCA's authority starting in 2027, regulating them as strictly as traditional financial products. The draft covers areas including crypto asset listings, prevention of insider trading and market manipulation, rules for exchanges and brokers, staking, lending, and corporate risk management.