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Key Takeaways From FCA Consultation Paper 25/40 on Regulating Cryptoasset Activities
On 16 December 2025, the Financial Conduct Authority (“FCA”) published Consultation Paper 25/40 on Regulating Cryptoasset Activity (the “Consultation Paper”). This paper is one of three consultation papers released by the FCA as part of the UK’s cryptoasset regulatory framework and follows an earlier Discussion Paper (“DP 25/1”), as part of the FCA’s efforts to obtain industry views on key matters before publishing a more complete set of rules to consult on. Below the Hogan Lovells Digital…
By: Hogan Lovells