The UK's new crypto rules: what changes for investors
The FCA has published its final rules for UK crypto firms, expected to start on 25 October 2027. Here is what they mean for you, and what they don't change.
Sham Sadiq· 2 min read
The Financial Conduct Authority (FCA) has published its final rules for UK crypto firms. They are expected to come into force on 25 October 2027, and they bring new protections for people who buy and hold crypto.
What has happened?
On 30 June 2026 the FCA published its final rules and guidance for crypto firms. They build on new law passed by Parliament on 4 February 2026.
Crypto firms can now apply to the FCA for permission to operate under the new rules. The application window opened on 30 September 2026 and closes on 28 February 2027. The full regime is expected to start on 25 October 2027.
Your crypto, better protected
Platforms that hold crypto for customers will face stricter rules. The FCA says these cover ownership rights, record keeping, regular checks that records match, and how private keys are managed.
You will also be able to take complaints about authorised firms to the Financial Ombudsman Service, a free, independent body that settles disputes.
Clearer terms
- Stablecoins. UK-issued stablecoins must be fully backed and redeemable at face value. A stablecoin is a token designed to hold a steady value, usually £1 or $1.
- Staking. Staking means locking up crypto to help run a network in return for rewards. Firms will need clear terms and your consent, and must update you each year.
- Crypto loans. Retail customers get protections including clear information, an appropriateness test and negative balance protection, so you should not end up owing more than you put in.
Still high risk
The FCA is clear that crypto “will remain high risk” under the new regime. You could lose all the money you invest. You are also unlikely to be covered by the Financial Services Compensation Scheme (FSCS) if a crypto firm fails.
What about tax?
The new rules are about how firms are regulated. They do not change how your crypto is taxed. Selling, swapping or spending crypto can still mean Capital Gains Tax, and staking rewards can count as income.
HMRC is also getting more information from crypto platforms under the Cryptoasset Reporting Framework. You can read more in our post on what CARF means for UK investors.
If you are not sure your crypto tax is right, get in touch. Call or WhatsApp 07488 883219, or email contact@swabi.co.uk.
General guidance, not financial or tax advice.
Sources
This article is general information based on HMRC guidance at the time of writing and isn't personal tax advice. Rules change, so please get advice for your own circumstances.
