United Kingdom of Great Britain and Northern Ireland (the) Stablecoin Regulation
Stage: Live
Regulator: Financial Conduct Authority (FCA); Bank of England (BoE) for systemic stablecoins
The UK enacted the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 in February 2026. In June 2026 the BoE finalised systemic stablecoin policy positions and the FCA finalised large parts of the crypto rulebook, reducing capital requirements from 2% to 1%. Full regime commences October 2027.
Applicable Laws:
- Financial Services and Markets Act 2023 - https://www.legislation.gov.uk/ukpga/2023/29/contents
- BoE Proposed Regime for Sterling-demoninated Systemic Stablecoins (Digital Settlement Assets Payment Systems) - https://www.bankofengland.co.uk/paper/2025/cp/proposed-regulatory-regime-for-sterling-denominated-systemic-stablecoins
- Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 - https://www.legislation.gov.uk/uksi/2026/102/contents/made
- Sterling-denominated systemic stablecoins – Policy statement and consultation on draft Code of Practice (Bank of England) - https://www.bankofengland.co.uk/paper/2026/ps/sterling-denominated-systemic-stablecoin
- FCA PS26/10 – Stablecoin Issuance (Final Rules) - https://www.fca.org.uk/publication/policy/ps26-10.pdf
- FCA Package of Cryptoasset Regime Policy Statements - https://www.fca.org.uk/publications/policy-statements/cryptoasset-regime
