UK regulators launch consultation on new cryptocurrency rules.

The UK Financial Conduct Authority (FCA) launched a broad consultation on Tuesday regarding a series of proposed rules for the cryptocurrency industry. This comes a day after the UK government announced it would begin regulating the sector from October 2027. Along with the proposals, the FCA also released a research report showing that the percentage of UK adults holding cryptocurrency has fallen by a third over the past year, from 12% to 8%.