UK FCA Publishes Regulatory Framework for Crypto Assets with Global Liquidity Focus

The UK Financial Conduct Authority (FCA) has published a regulatory framework for crypto assets that allows overseas trading platforms to serve UK users through locally authorized branches.

Under the new rules, these platforms can connect to global trading infrastructure and avoid creating a closed domestic liquidity pool.

The FCA's approach is also intended to permit stablecoins issued outside the UK to circulate in the UK market, differing from the European Union's Markets in Crypto-Assets (MiCA) model.

Industry participants said the framework provides an institutional basis for capital to enter the crypto market, while the UK's positioning will depend on regulatory certainty and approval efficiency in the coming months.