The UK’s Financial Conduct Authority (FCA) has announced plans to finalize comprehensive crypto regulations by 2026. This move is part of the government’s effort to align with global regulatory developments, particularly following the victory of Donald Trump in the 2024 US elections, which could reshape crypto regulations worldwide.

FCA revealed it would begin consultations on crypto regulations this quarter, focusing on areas such as trading platforms, market abuse, crypto lending, and stablecoins. Matthew Long, FCA’s Director of Payments and Digital Assets, highlighted the importance of learning from global regulatory practices.

The UK’s push to establish clearer rules comes as countries like Hong Kong, Singapore, and the UAE have already introduced crypto regulations. Meanwhile, the EU’s Market in Crypto Assets (MiCA) regulations will take effect by the end of the year. As global pressures mount, the UK is working to attract digital asset businesses with clearer, more favorable regulations, including measures on stablecoins and exemptions for certain services like staking and custodial wallets.