UK, to achieve its goal of becoming a leader in crypto sector, is following its regulatory roadmap published in late 2024, creating a phased regulatory regime covering stablecoins, crypto custody, market oversight, and prudential standards for crypto firms

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The ongoing efforts also follow a recent revelation by UK Chancellor of the Exchequer Rachel Reeves of plans for a “comprehensive regulatory regime” aimed at making the country a leader in the crypto sector.
Per the FCA’s crypto roadmap published in late 2024, the UK is implementing a phased regulatory regime covering stablecoins, custodial requirements, market abuse prevention, and prudential standards for crypto firms.
UK’s planned regulatory framework for cryptoassets will cover stablecoins, a form of digital cash intended to keep its value to a sovereign currency such as the dollar or sterling, as well as exchanges and brokers and market practices such as lending