Draft Statutory Instrument Amending the Cryptoasset Regulations
Summary
HM Treasury has published a draft statutory instrument amending the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026, along with a policy note explaining the proposed changes. The amendments aim to provide greater certainty for firms seeking to offer stablecoin payments services and to remove barriers to certain other use cases while maintaining an internationally competitive UK regime for cryptoassets.
“Once these regulations come into force in October 2027, they will require firms carrying on the new regulated activities to be authorised by the FCA.”
Cryptoasset firms, particularly those planning stablecoin payments services, should monitor this consultation closely as the amendments will directly shape their FCA authorization requirements under the new regime.
What changed
HM Treasury has published a draft statutory instrument for consultation that would amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026. The proposed amendments focus on three areas: providing greater certainty for firms seeking to offer stablecoin payments services, removing barriers to certain other use cases, and ensuring an internationally competitive UK cryptoasset regime.
Cryptoasset firms, particularly those planning to provide stablecoin payments services, should monitor this consultation closely. The primary regulations, once in force in October 2027, will require firms carrying on the new regulated activities to be authorised by the FCA. These amendments may affect the scope and requirements of that authorization regime.
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Policy paper
Policy note: Draft statutory instrument amending the Cryptoasset Regulations
A draft of statutory provisions to amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 and policy note setting out the aims behind these provisions.
From: HM Treasury Published 21 April 2026 Get emails about this page
Documents
Draft statutory instrument amending the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026: Policy Note
PDF, 151 KB, 18 pages
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Draft statutory instrument amending the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026: Policy Note
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The Financial Services and Markets Act 2000 (Cryptoassets) (Amendment) Regulations 2026
PDF, 233 KB, 5 pages
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Details
The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 was made in February 2026 and established a regulatory regime for cryptoassets.
Once these regulations come into force in October 2027, they will require firms carrying on the new regulated activities to be authorised by the FCA.
This draft SI contains proposed amendments to that legislation aimed at providing greater certainty for firms seeking to provide stablecoins payments services, and to remove barriers to certain other use cases. The draft SI also contains additional changes for the purposes of ensuring an internationally competitive UK regime for cryptoassets.
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Published 21 April 2026
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