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Consultation open
05/12/2025
Chapter 6 feedback deadline
22/12/2025
Chapters 2-5 feedback deadline
19/01/2026
19/01/2026
FCA research First published: Last updated: 26/10/2026 See all updates

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Overview of our cryptoassets regime policy statements

The UK is taking a major step forward. With these policy statements, we deliver a significant package as part of the Cryptoasset Roadmap and a comprehensive regime that puts the UK at the forefront of responsible cryptoasset regulation globally.

This series of policy statements outlines the final regulatory framework for cryptoasset firms, reflecting feedback received through consultation. 
 
It represents a significant milestone in the Cryptoasset Roadmap, providing a clear and comprehensive regime designed to support responsible growth and oversight of the UK cryptoasset market.

Summary

This is a significant milestone for the FCA, for the industry, and for the millions of consumers who engage with firms providing cryptoassets services. It represents the culmination of more than 3 years of intensive work: listening to industry, engaging with consumers, collaborating with international partners, and carefully designing a framework that is proportionate and outcomes-focused. 

This regime sets clear, predictable rules for firms across the full range of regulated cryptoasset activities. It sets standards, strengthens consumer protections, and positions the UK as a trusted, competitive home for responsible cryptoasset innovation. 

The regime is underpinned by the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (the Cryptoassets Regulations), which were passed by Parliament on 4 February 2026. These Cryptoassets Regulations brought a broad range of cryptoasset activities within the FCA's regulatory perimeter for the first time, moving well beyond the anti-money laundering and financial promotions standards that previously defined our role in this market. The full scope of regulated activities under the regime will expand from 25 October 2027. This gives firms time to prepare and adapt.  

To prepare for this legislative change, and to develop the future regulatory regime for cryptoasset firms, we have consulted extensively across 4 discussion papers (DP23/4, DP24/4, DP25/1 and CP25/25) and 10 consultation papers (CP25/14, CP25/15, CP25/16, CP25/25, CP25/40, CP25/41, CP25/42, CP26/4, CP26/8 and CP26/13) since 2023.

In this series of policy statements, we summarise the feedback to these CPs. We also set out our final rules and guidance for all cryptoasset firms that will need to be authorised and regulated by us. 

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Our policy statements

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1. Is your request about a firm we currently regulate (or have regulated in the past)?

  • We already publish a lot of information about the firms we regulate and authorise. We also give details of those firms which are not authorised and individuals you should avoid.

    Much of the information we hold about firms (and individuals) is information we have received during our day-to-day regulatory work. For example, this could be information from consumers, firms and other people we regulate, journalists, other regulators, the police and other law enforcement agencies and the government.

    This is ‘confidential information’, under section 348 FSMA, and is generally exempt from disclosure, which means we cannot give it to you. This could be information the firm has given us, anything other organisations may have told us, or any information consumers have given us about the firm.

    Unless the information we have received is already publicly available or we have the consent of the relevant ‘person’ (an individual, company or partnership) we are forbidden to share it with the public. Find out more about what information we can share with you.

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2. Is your request about a specific individual?

  • If you want to find out whether a specific individual is authorised by us, check the Financial Services Register, which lists all the firms and individuals we regulate.We also publish details of those firms which are not authorised by us and individuals you should avoid.

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3. Is your request about whether we are currently investigating a firm or individual?

  • You can see details of who we have investigated and the outcome of our investigations in the Final Notices section of our website.

    We don’t usually make public the fact that we are investigating someone. This is partly to protect the effectiveness of our investigation, as publicity might encourage people to destroy or hide evidence. And partly because someone’s reputation can be damaged by us announcing an investigation.

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5. Is your request about what we spend our money on, or how we spend it?

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