UK Regulators Seek Clarity on Crypto Asset Activities

The FCA is seeking feedback from stakeholders on its proposals to regulate various aspects of the crypto market. This includes issuing stablecoins, operating trading platforms, and dealing with digital assets. The consultation, which closes on June 3, 2026, also addresses the issue of offshore entities providing services to UK consumers.

According to the FCA, the normal Overseas Persons Exclusion (OPE) does not apply to these activities. Instead, the authority will use a combination of factors to determine whether an activity is considered to be in the UK.