On April 29, 2025, UK Finance Minister Rachel Reeves announced a comprehensive regulatory regime to position the UK as a global leader in digital assets. The Financial Services and Markets Act 2000 (Cryptoassets) Order 2025 introduces six new regulated activities, including trading, custody, and staking, placing these under similar regulations as traditional financial firms. Unlike the EU's lighter approach, the UK applies full securities regulation, including capital requirements and disclosure obligations. Experts like Dante Disparte of Circle praise the regulations for providing clarity, fostering a responsible digital finance environment. Bitget's COO Vugar Usi Zade views the rules as a net positive, offering clear definitions on activities requiring FCA authorization. The draft reclassifies stablecoins as securities, imposing prospectus disclosures, while requiring non-UK platforms to obtain FCA approval for servicing UK clients. Adjustments must be made within two years to comply. Overall, the regulations aim to create an efficient framework for digital assets while ensuring consumer protection and market stability.

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