Client Briefing - UK Stablecoin Regime

The FCA published policy statements on 30 June 2026 setting out its final rules for cryptoasset regulation. This post considers two of them: the policy statement on stablecoin issuance and the policy statement on prudential requirements. Both sit within a wider set of final rules governing firms that will be authorised under the new UK cryptoasset regime, which becomes mandatory on 25 October 2027.

On 30 April 2026, the FCA confirmed in their press release that cryptoasset firms preparing for the new FSMA regulatory regime may request a pre-application meeting via its Pre-Application Support Service (PASS) from 11 May 2026. Meetings will be scheduled from July 2026 as requests are received.