United Kingdom

Regulatory Status

Jurisdiction code

GB

Regime

Registration

Regulator

FCA

Governing law

MLR 2017 (AML/CTF registration)

Travel Rule

Enforced

Tracked entities

409

Recognized stablecoin backing

fiat-backed

Yield-bearing stablecoins

Restricted

Currency

GBP

Regulatory approach

The Bank of England acts as the designated prudential authority under the Financial Services and Markets Act 2023 regime for systemic payment systems and stablecoin arrangements. It exercises supervisory powers for risk management, resolution, capital adequacy, and liquidity standards. The Financial Conduct Authority is charged with perimeter oversight, market conduct, consumer protection, and competition mandates. HM Treasury is responsible for formal recognition of systemic status and statutory perimeter definition. Regulatory coordination is mandated for systemic designation, ongoing supervision, enforcement, and revocation scenarios.

Licensed entities in United Kingdom

Showing 100 of 409 regulated-entity records tracked in United Kingdom by Plexo Institute.

Browse all 409 records in the regulated-entity registry, including the remaining 309 in United Kingdom.

Stablecoin laws in United Kingdom

Primary legal texts Plexo Institute tracks for United Kingdom.

• Financial Services and Markets Act 2023 (enacted 2023-06-29)

  Grants powers to regulate stablecoin issuers and payment systems. Brings fiat-backed stablecoins into scope of the Bank of England and FCA supervision.

Regulatory events in United Kingdom

Dated regulatory developments Plexo Institute tracks for United Kingdom, most recent first.

• Property (Digital Assets etc) Act 2025 receives Royal Assent (2025-12-02 · Regulatory)

  The UK enacts the Property (Digital Assets etc) Act 2025, confirming that a thing, including digital or electronic assets such as crypto-tokens and NFTs, can be the object of personal property rights even if it is neither a thing in possession nor a thing in action, and bringing the new third-category property framework into force in England, Wales and Northern Ireland.

• Law Commission publishes supplemental report and draft Bill on digital assets (2024-07-30 · Regulatory)

  The Law Commission of England and Wales issues a supplemental report and draft Property (Digital Assets etc) Bill proposing statutory recognition of a third category of personal property for certain digital assets, forming the basis for the Act later adopted by Parliament.

• Law Commission final report on digital assets as personal property (2023-06-28 · Regulatory)

  The Law Commission’s final report concludes that certain digital assets, including crypto-tokens and NFTs, should be treated as property and recommends legislation to clarify a third category of personal property, paving the way for the future Property (Digital Assets etc) Act 2025.

Central bank digital currency in United Kingdom

Plexo Institute tracks 1 central bank digital currency programme in United Kingdom.

• Digital Pound — Status: Research · Central bank: Bank of England (BoE) · Model: Retail · Technology: Under evaluation

Relationship Graph

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Jurisdiction FAQ

Who regulates United Kingdom?

The current Plexo Institute record lists FCA as the regulator for United Kingdom.

How many VASPs are tracked in United Kingdom?

409 VASP/entity records are tracked by Plexo Institute in United Kingdom.

What is the Travel Rule status in United Kingdom?

The current Plexo Institute record lists the Travel Rule status for United Kingdom as Enforced.

Source Evidence

This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.

• FCA Crypto Register
• Atlantic Council Tracker
• FCA MLR 2017 Guidance
• Library of Congress