The UK plans to fully incorporate crypto assets into the financial services regulatory framework by October 2027, making them subject to rules similar to traditional finance. The FCA has initiated multiple consultations, proposing requirements for trading platforms, token issuance, staking, and certain DeFi activities, with final regulations expected to be introduced in 2026. The regulation will shift from primarily anti-money laundering registration to a comprehensive licensing system. Meanwhile, the government is reviewing foreign financial interference issues and may restrict the use of cryptocurrencies for political donations in the future. (Cointelegraph)