The UK's financial watchdog has released its long-awaited consultation paper to bring crypto firmly under statutory law
The FCA has published a formal consultation paper proposing to bring crypto exchanges, custodians, and trading venues under the Financial Services and Markets Act, with final rules expected by early 2027. The move marks a decisive shift from AML-focused oversight to a full statutory regime covering market conduct, consumer protection, and prudential standards. Industry has until July 31, 2026 to respond, and analysts expect smaller firms to struggle with the compliance burden while institutional