Client Briefing - UK Stablecoin Regime

On 16 December 2025, the FCA released three consultation papers outlining its approach to regulating cryptoasset activities in the UK. These are CP25/40, CP25/41 and CP25/42.

On 4 December 2025, HM Treasury published a policy update setting out the UK government's plans to establish a provisional licence authorisation regime for early-stage firms and financial services start-ups seeking FCA authorisation.