Britain’s financial regulator said this week that it was ‌consulting on how firms might be ​affected by ​the regulation of the ⁠crypto industry which ​is due to ​come into effect by October 2027.

Under the ​consultation, the Financial ​Conduct Authority (FCA) is seeking ‌feedback ⁠on proposed regulations on a range of crypto activities ​including ​operating ⁠crypto trading platforms as ​well as dealing, ​staking ⁠and safeguarding crypto assets, the ⁠regulator ​said.

The Financial Conduct Authority aims to establish a comprehensive regulatory framework that ensures market integrity and robust consumer protection within the digital asset space.

By refining rules for staking and safeguarding, the regulator seeks to mitigate systemic risks while fostering innovation and clarity for firms operating in the United Kingdom.