Client Briefing: UK Regulatory Framework for Crypto

On 15 April 2026, the FCA published draft perimeter guidance in CP 26/13 that, if finalised in its current form, could bring a substantial portion of global web3 interface providers and wallets within scope of UK cryptoasset licensing requirements.

On 15 April 2026, the Financial Conduct Authority (FCA) published a consultation paper and accompanying press release setting out proposed perimeter guidance for the new cryptoasset regulatory regime. The proposals take the form of a new chapter in the FCA’s Perimeter Guidance manual (PERG), structured as a series of questions and answers.