Crypto firms brace for tighter UK oversight as FCA plots integration with financial markets
By 
Neil Hodge2025-06-16T18:04:00
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned legislation due to come into effect next year.
The FCA and the Bank of England have previously been wary of seemingly endorsing an industry that presents a high risk to consumers. But the popularity of cryptoassets, coupled with the fact that the UK wants to attract investment in innovative growth industries, means that it is much better to be on board with the trend and regulate the activity than ignore it.
Around 12 percent of adults in the UK own cryptoassets, according to the FCA’s research.
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