FCA Consults On Where New UK Crypto Rules Should And Should Not Apply

TL;DR: The FCA’s CP26/36 consultation proposes guidance on regulatory exclusions for settlement, stablecoin handling and certain technical crypto services. Crypto businesses preparing for the UK’s expanded regulatory regime have a new document to digest. The Financial Conduct Authority opened consultation CP26/36 on October 21, addressing an increasingly difficult question: where does regulated financial activity end and ordinary blockchain software begin? The paper focuses on exemptions introdu