Crypto firms are set to be regulated by the United Kingdom’s key financial watchdog from late 2027, but the rules around how it will do so are still being ironed out.

In February, the U.K. passed legislation—the Financial Services and Markets Act (FSMA) 2000 (Cryptoassets) Regulations 2026—to bring a range of cryptoasset activities within the scope of the Financial Conduct Authority (FCA) starting from Oct. 25, 2027.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...