Find out more about our approach to the new regime.
In October 2023, the Treasury published detailed proposals[2] for the creation of a financial services regulatory regime for cryptoassets. The proposals were to create new regulated activities for cryptoassets that will require firms wishing to provide associated services in or to the UK to be authorised and supervised by us.
In December 2025, the government laid The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025[3] (FSMA) before Parliament which, if approved, will bring cryptoassets within our regulatory remit.
Commencement
The new cryptoasset regime is expected to come into force on 25 October 2027.
Firms wishing to undertake any of the new cryptoasset regulated activities will need to be authorised by us under FSMA with permission to undertake those activities at the point the new regime commences.
Helping firms prepare for the new regime
In order to help cryptoasset firms that are within scope of the new regime but for whom this is the first time they will be regulated by us under FSMA, we have published information on the following that firms should consider familiarising themselves with:
- Cryptoasset regulated activities: FSMA and the FCA Handbook[4].
- Cryptoassets: Our standards[5].
- Cryptoasset firms: Authorisation, supervision and enforcement[6].
- Cryptoassets: How the gateway will operate[7].
- Cryptoassets: The transitional provision[8].
Webinar: New regime for cryptoassets regulation
Get ready for authorisation by joining our webinar on Thursday 29 January.
Designing the new regime
Our crypto roadmap[10] sets out the indicative, high-level timeline for the design and implementation of the new regime and should assist firms with their planning.
We have already published a number of consultation and discussion papers as listed below.
Over the coming months, we will continue to publish further policy consultations setting out our proposed rules and guidance.
Following consideration of the responses to these consultations, our final rules and guidance will be set out in policy statements ahead of the implementation of the new regime.
Keep up to date
In addition to setting out our proposals for the regulation of cryptoassets in the UK, we will be engaging widely to help cryptoasset businesses ensure they are ready for the new regime and that they understand our rules and know how to comply with them.
Once the regime is in place, cryptoasset businesses will need to be authorised by us to do business in the UK and will need to demonstrate that they can meet the standards we set.
If you would like us to contact you with information about cryptoasset publications, events and other relevant material, please register your interest[21].
Contact us
If you have any questions or need further help, please contact us[22].
