Following major incidents such as the collapse of FTX in 2022 (affecting c. 80,000 UK consumers) and UK reports showing a 55% jump in crypto related scam losses in 2025, the UK is ushering in a new regime to regulate crypto assets. Law-enforcement agencies and the FCA are already taking
Crypto meets criminal law: The UK’s new regulatory regime

Businesses must prepare early and apply before the FCA gateway closes on February 28, 2027, to avoid facing criminal liability when the new regime begins on October 25, 2027.
