UK Positions Itself as Crypto Hub with New Regulatory Framework

The UK aims to become a global leader in the digital assets market by unveiling a comprehensive regulatory framework. Finance Minister Rachel Reeves’ draft rules will transform crypto exchanges, dealers, and agents into regulated entities similar to traditional financial firms. The Financial Services and Markets Act 2000 (Cryptoassets) Order 2025 introduces six new regulated activities, including trading, custody, and staking. These new regulations are stricter than the EU’s MiCA regime, encompassing capital requirements, governance standards, market abuse rules, and disclosure obligations, according to law firm Wiggin.