UK HM Treasury Publishes Draft Cryptoassets Regulations Under FSMA
Summary
On December 15, 2025, HM Treasury published the final draft of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025, establishing a comprehensive UK regulatory framework for cryptoassets under existing FSMA legislation. The regulations designate a range of cryptoasset-related activities as regulated activities, requiring authorization by the FCA. An application gateway opens September 2026, with full compliance required by October 2027.
Key Changes
- Cryptoasset activities designated as regulated activities under FSMA
- FCA authorization required for all crypto service providers
- Application gateway opens September 2026
- Full compliance deadline October 2027
Affected Industries
Source
Key Dates
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