Britain Moves to Unify Regulatory Approach for Digital Currencies
The UK HM Treasury announced plans on 20 April 2026 to create a single regulatory framework for both traditional and tokenized payments. The framework will cover stablecoins and tokenized deposits. Stablecoins are digital currencies pegged to a fixed value. The Treasury said the reform aims to cement the UK as a destination for digital assets.
Government plans legislation to ease stablecoin rulesThe Treasury stated it will bring forward legislation to reduce administrative burdens for companies that want to offer stablecoin payment services. The consultation on payment services and electronic money rules has not yet been published. Economic Secretary to the Treasury Lucy Rigby announced the package during UK Fintech Week in London, an industry event supported by Innovate Finance.
"This will mean establishing a single, coherent framework for both traditional and tokenised payments, including both stablecoins and tokenised deposits", 20 April 2026. — Lucy Rigby, Economic Secretary to the Treasury, HM Treasury
Woolard appointed as digital markets championThe Treasury appointed Chris Woolard CBE as Wholesale Digital Markets Champion. Woolard is a partner at EY and served as former interim Chief Executive of the Financial Conduct Authority (FCA), the UK's financial regulator. In his new role, he will support adoption of tokenized digital assets within the government's Wholesale Financial Markets Digital Strategy.
Full crypto regime takes effect in October 2027The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. The Treasury stated it will bring forward legislation to reduce administrative burdens for companies that want to offer stablecoin payment services. The consultation on payment services and electronic money rules has not yet been published. Economic Secretary to the Treasury Lucy Rigby announced the package during UK Fintech Week in London, an industry event supported by Innovate Finance.
"This will mean establishing a single, coherent framework for both traditional and tokenised payments, including both stablecoins and tokenised deposits", 20 April 2026. — Lucy Rigby, Economic Secretary to the Treasury, HM Treasury
Woolard appointed as digital markets championThe Treasury appointed Chris Woolard CBE as Wholesale Digital Markets Champion. Woolard is a partner at EY and served as former interim Chief Executive of the Financial Conduct Authority (FCA), the UK's financial regulator. In his new role, he will support adoption of tokenized digital assets within the government's Wholesale Financial Markets Digital Strategy.
Full crypto regime takes effect in October 2027The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. "This will mean establishing a single, coherent framework for both traditional and tokenised payments, including both stablecoins and tokenised deposits", 20 April 2026. — Lucy Rigby, Economic Secretary to the Treasury, HM Treasury
Woolard appointed as digital markets championThe Treasury appointed Chris Woolard CBE as Wholesale Digital Markets Champion. Woolard is a partner at EY and served as former interim Chief Executive of the Financial Conduct Authority (FCA), the UK's financial regulator. In his new role, he will support adoption of tokenized digital assets within the government's Wholesale Financial Markets Digital Strategy.
Full crypto regime takes effect in October 2027The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. Woolard appointed as digital markets championThe Treasury appointed Chris Woolard CBE as Wholesale Digital Markets Champion. Woolard is a partner at EY and served as former interim Chief Executive of the Financial Conduct Authority (FCA), the UK's financial regulator. In his new role, he will support adoption of tokenized digital assets within the government's Wholesale Financial Markets Digital Strategy.
Full crypto regime takes effect in October 2027The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. The Treasury appointed Chris Woolard CBE as Wholesale Digital Markets Champion. Woolard is a partner at EY and served as former interim Chief Executive of the Financial Conduct Authority (FCA), the UK's financial regulator. In his new role, he will support adoption of tokenized digital assets within the government's Wholesale Financial Markets Digital Strategy.
Full crypto regime takes effect in October 2027The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. The UK's broader crypto regulatory regime is set to come into force in October 2027. The FCA will open applications for firms seeking authorization under the new regime on 30 September 2026. The payments reform announced on 20 April 2026 sits alongside this wider framework. The government described the reform as part of its broader digital markets strategy. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.