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FCA outlines new regulatory era for cryptoasset firms

A photo illustration of a physical silver Bitcoin collectible August 2025
Photo: Peter Dazeley/Getty Images

Jamie Jefferson Ng | Ashurst

5 min read
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Under the proposals, all firms wishing to carry out regulated cryptoasset activities will be required to obtain FCA authorization.

On September 17, 2025, the FCA published Consultation Paper CP25/25, outlining a comprehensive regulatory framework that will bring cryptoasset activities in the UK under the same standards as traditional financial services. This marks a significant transition from the previous regime, which focused primarily on anti-money laundering (AML) and financial promotions, to

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