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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

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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