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Event File CRYPTO UK Financial Conduct Authority (FCA)

Former UK Regulator Explains Divide in Britain’s Crypto Policy and Development

1 reports · First detected 2026-06-24 · Last active 2026-06-24

The UK is seeking to become a global cryptocurrency hub, but Isadora Arredondo, Hedera’s vice president of global policy, said Brexit, COVID-19 and investment fund failures shifted regulators’ focus toward consumer protection. Arredondo, who worked at the Financial Conduct Authority (FCA) from 2018 to 2021, said this created a two-track divide: greater support for institutional wholesale businesses and rigorous scrutiny of retail startups.

Arredondo said on June 24, 2026, that the UK applies existing financial regulations when reviewing crypto firms, with the new regime expected to take effect in October 2027. The Bank of England, meanwhile, has adopted temporary issuance guardrails, setting a £40 billion cap, or about $50.6 billion, on each systemic stablecoin’s circulation. She also called for interoperability standards spanning blockchain, stablecoins and central bank digital currencies.

All Coverage

1 original reports
COINDESK.COM 2026-06-24
Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition

The Backstory

The history behind this event
New UK Rules Signal Resolve to Build Cryptoasset Hub2026-07-11 · 1 reports · similarity 0.80

The UK has sought to position itself as a global “cryptoasset hub” since 2022 but has faced industry criticism over its overly cautious regulatory pace. The latest measures mark the first time the country has translated that policy vision into substantive legal rules and a regulatory framework providing clear standards for market operations. The changes could rebuild industry confidence in the UK market and serve as a bellwether for global cryptoasset regulation.

The Bank of England issued a statement on the regulation of systemic stablecoins on June 22, 2026, followed by the Financial Conduct Authority’s final cryptoasset regulatory framework on June 30. The new rules require stablecoin issuers to hold reserve capital equal to at least 1% of the value issued. Companies may begin applying for authorization on September 30, 2026, and the regime will formally take full effect on October 25, 2027.

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