Client Briefing - UK Stablecoin Regime

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.

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.