The UK government is planning significant changes to its cryptocurrency regulations, aiming to create a safer and more sustainable ecosystem for digital assets. By 2026, the Financial Conduct Authority (FCA) will introduce new licensing requirements for crypto businesses, forcing platforms like Coinbase and Gemini to reapply for approval. This regulatory overhaul will also impact meme coins like Dogecoin, as it could fall under stricter scrutiny. The UK’s approach is characterized by proactive measures and clear policy announcements. While no specific regulations have been finalized yet, the FCA has outlined plans to release guidance on stablecoins, trading platforms, and staking in 2023, followed by final regulations by early 2026. This comprehensive strategy aims to strike a balance between innovation and investor protection. The UK’s regulatory efforts are seen as crucial for fostering stability in the cryptocurrency market. The government has already implemented AML compliance requirements since 2020, though many companies haven’t met these standards. New regulations require companies to undergo certification again, which will require significant effort from the industry.