UK crypto market stalled as new regulations loom: study

Homepage > News > Business > UK crypto market stalled as new regulations loom: study The exhaustive wait for a regulatory regime for crypto assets in the United Kingdom will soon be over, with the country’s financial watchdog having recently set a date for the introduction of its framework, October 2027. However, a new study suggests that while there is broad market enthusiasm for the incoming regime, a substantial portion of U.K. crypto firms are not ready for it to take effect. Study reveals U.K. crypto readiness gap High awareness, lagging in execution PASS to ease compliance Systemic stablecoins face dual oversight Transparency underpins political trust Whilst the European Union got busy making and implementing its landmark Markets in Crypto-Assets (MiCA) regulation, the U.K. watched on and consulted. As the United States struggled through partisan politics and successive government shutdowns, which brought the already snail-paced legislative process to a complete standstill, it still eventually managed to pass substantive stablecoin legislation in the form of the GENIUS Act, while the U.K. dilly-dallied with further consultations. Despite government after government—b...