Under the previous UK Conservative government, regulations for stablecoins and cryptocurrency staking were planned to be in place by now. The new Labour government wants to provide more space for innovation, so it is not prioritizing stablecoin legislation. That’s according to a speech this week by the Economic Secretary to the Treasury, Tulip Siddiq. All crypto regulations will happen in a single phase. Today the Financial Conduct Authority (FCA) published a roadmap for consultations which points to legislation coming into force in 2026, probably late that year. The FCA also published the results of a recent crypto survey.
Despite a single go-live target, the consultations are being split into four groups. Discussion papers on admission and disclosures and market abuse are expected this quarter, with a consultation in Q3 of next year.
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