TLDR Tech / Crypto
UK sets landmark capital market abuse rules in crypto framework
The FCA finalized a sweeping crypto framework on June 30, pulling exchanges, custodians, stablecoin issuers, staking providers, and identifiable DeFi operators into a full authorization regime for the first time. This includes explicit market abuse prohibitions on insider dealing, market manipulation, and disclosure of inside information, mirroring traditional finance rules. The stablecoin capital coefficient was cut to 1% from the initially proposed 2%, authorization applications open September 30, 2026, and the regime formally takes effect October 25, 2027.
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