Big Changes in Crypto Regulation by UK FCA, What Are They?

Jakarta, Pintu News – On Wednesday, the Financial Times reported that the UK’s Financial Conduct Authority (FCA) plans to relax some of the regulations that apply to crypto firms, while tightening rules in aspects such as cyber risk.

A New Approach to Crypto Regulation

The FCA has announced its intention to adapt the financial services framework to the unique characteristics of cryptocurrencies. In a published consultation paper, David Geale, the FCA’s executive director for payments and digital finance, emphasized that the direct application of traditional financial rules to crypto has proven ineffective.

According to Geale, it is important to recognize that crypto assets have significant differences from traditional financial instruments. The FCA considers crypto companies to be less of a risk to the financial system than banks or investment platforms.

Therefore, these firms will face softer regulations regarding senior management, systems, and controls. In addition, the FCA will not implement a mandatory cooling-off period for crypto customers, given the rapidly changing crypto prices.

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Rule Adjustment and Consumer Protection

In adjusting the rules, the FCA plans to prioritize operational integrity and customer interests. Although some rules will be adjusted, the FCA still emphasizes the importance of maintaining integrity and customer priority in every operation.

Blockchain technology that is open and does not rely on intermediaries will not be treated as an outsourcing arrangement that requires additional risk checks. The FCA will also tighten rules to address crypto-specific risks, such as cyberattacks.

Although some details are still in the process of being refined, the regulator plans to fully include crypto in its framework by 2026. The aim is to encourage innovation while maintaining proper oversight compared to traditional finance.

Read also: Crypto Whale News (9/18): 3 Whale Moves Today According to LookOnChain Data

New Steps in Using Credit for Crypto Purchases

Previously, on May 3, 2025, the FCA had introduced rules that prevent regular consumers from using credit cards or other borrowed funds to buy cryptocurrencies such as Bitcoin (BTC).

This step is taken to protect consumers from unforeseen financial risks and high crypto market volatility. This rule is part of the FCA’s efforts to regulate the crypto market more effectively and prevent potentially large financial losses for consumers.

This policy is expected to reduce unnecessary financial risks and provide an additional layer of protection for consumers within the crypto market. With this rule, the FCA demonstrates its commitment to not only facilitate the growth of the crypto industry, but also ensure that the interests of consumers are safeguarded.

Conclusion

With these new measures, the UK FCA demonstrates that it is serious about adapting financial regulation to accommodate developments in crypto technology, while keeping in mind the safety and stability of the financial system. This balance between innovation and regulation is expected to foster sustainable and healthy growth in the crypto industry.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. UK FCA to Relax Crypto Rules, Boost Cyber Laws – FT. Accessed on September 18, 2025
• Featured Image: Cryptoslate