UK to become ‘safe harbor’ for crypto with new draft rules — experts
On April 29, 2025, UK Finance Minister Rachel Reeves announced a comprehensive regulatory regime for digital assets, aiming to position the UK as a global leader in the sector. The Financial Services and Markets Act 2000 (Cryptoassets) Order 2025 introduces six regulated activities, including crypto trading, custody, and staking, applying full securities regulation rather than a light-touch approach. Companies must obtain Financial Conduct Authority (FCA) approval to offer services to UK users and have two years to adjust their systems. Stablecoins will be classified as securities, requiring prospectus-style disclosures. Non-UK platforms serving UK clients also need FCA authorization. The FCA plans to publish final rules in 2026, aligning with the EU's regulatory framework.
