United Kingdom: FinTech

The UK Financial Conduct Authority (FCA) has published a consultation on proposed rules and guidance for firms conducting regulated cryptoasset activities (CP26/4), together with a guidance consultation...

The close of 2025 highlighted the continuing momentum for the digital asset industry, with regulatory developments accelerating rather than slowing.

The FCA is the first regulator to set out a comprehensive regulatory regime for crypto-asset firms that is intended to be closely aligned to the existing regime for traditional finance ("TradFi") firms.

Growth and De (or Re)-regulation? This theme runs through all areas of UK financial services regulation; the tension between the need for a robust regulatory framework that adequately protects consumers and cutting red tape to support growth and innovation may continue.

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe.

The countdown to the UK's new crypto regime has begun. On December 15, 2025, the UK published finalised regulations to introduce licensing and market abuse regimes for the crypto market, effective from October 25, 2027.

The UK is progressing digital money regulation through several workstreams led by the Government, industry, and regulators.

On 10 November 2025, the Bank of England (BoE) published a consultation paper setting out its proposed regulatory framework for systemic stablecoins.

On 4 December 2025, the European Commission published three legislative texts, known collectively as the "Market Integration Package" (MIP).