The Financial Conduct Authority (FCA) of the UK has initiated a significant consultation on new regulations for digital asset markets, marking a substantial step towards establishing a comprehensive regulatory framework for cryptocurrencies. The proposals encompass various aspects, including crypto trading platforms, staking, lending, and decentralized finance (DeFi). The FCA is seeking feedback until February 12, 2026, aiming to foster innovation while ensuring consumers are aware of the associated risks. The new rules would establish clearer standards for crypto exchanges, address insider trading and market manipulation, and introduce measures for crypto staking services. Despite these developments, most crypto assets remain largely unregulated, except for financial promotions and financial crime purposes. The UK government plans to introduce a bill in 2027 to extend existing financial laws to cover crypto assets, placing them under the FCAs jurisdiction.

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