FCA aims for 2026 regulation: The UK’s Financial Conduct Authority (FCA) plans to complete cryptocurrency regulations by 2026. This strategic move aims to help the UK maintain a competitive advantage in the global digital asset market. Recently, according to Bloomberg, the FCA will focus on key areas like trading platforms, crypto lending, and stablecoins.

UK faces international pressure: Amid increasing pressure, the UK needs to quickly establish clear cryptocurrency regulations for industry stakeholders. Countries like Hong Kong, Singapore, and the UAE are actively implementing digital asset regulations. Furthermore, Keir Starmer’s government is being criticized for not acting swiftly in this area.

Risk of losing competitive edge: If the UK does not accelerate its efforts in this area, it risks losing a competitive edge in the burgeoning global digital economy. The FCA plans to hold consultations to find a balance between encouraging innovation and protecting consumers. They will focus particularly on stablecoins and crypto lending, both recently becoming popular.

New UK regulatory plan: Recently, the UK announced plans to set new regulations for the cryptocurrency industry by early next year. According to Tulip Siddiq, the Economic Secretary to the Treasury, the new rules will focus on key areas such as stablecoins and staking services. The proposed legal framework will support the UK’s goal of encouraging innovation.