The United Kingdom has set a date for comprehensive cryptocurrency regulations.

Matthew Long, the Director of Payments and Digital Assets at the FCA, stated that they will work closely with the government, international partners, and industry representatives to create a secure crypto ecosystem. The new regulatory framework aims to provide the necessary clarity and confidence for the development of the cryptocurrency market.

The United Kingdom Announces a Comprehensive Roadmap

The regulator's roadmap will begin with discussion papers on market abuse in the second quarter of 2024. Stablecoins and custody services will be addressed in the first half of 2025. This process will be completed in 2026 with final policy announcements.

Significant steps are being taken to enhance investor safety. Since October 2023, the FCA has blocked over 900 fraudulent crypto websites and more than 50 applications.

Research shows that awareness of cryptocurrency among British investors has reached 93%. The average investment amount has risen to £1,842.

The new regulations will ensure that the crypto ecosystem becomes safer and more transparent. The FCA's move reflects a consistent approach aligned with global crypto regulations.