The publication of the SI marks the latest regulatory development in the UK’s rapidly evolving cryptoasset landscape.
On 15 December 2025, HM Treasury (HMT) published the final draft statutory instrument (the SI) setting out how activities in relation to qualifying cryptoassets (QCs) will be regulated in the UK. The future regulatory regime for cryptoassets supersedes the current money laundering registration regime, bringing cryptoasset-related activities into the full scope of UK regulation.
The publication of the SI was timed to coincide with the FCA launching consultations on (i) detailed rules for regulated cryptoasset activities (CP 25/40); (ii) admissions, disclosures, and market abuse (CP 25/41); and (iii) the prudential regime for cryptoasset firms (CP 25/42), and marks a key moment in the development of the future UK regime for cryptoassets.
