UK Financial Conduct Authority to Ban Public Sale of Virtual Assets

The UK Financial Conduct Authority (FCA) plans to prohibit the sale or offering of virtual assets (cryptocurrencies) to the public.

According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the UK FCA announced that it intends to ban unregistered virtual asset companies from approaching UK customers to sell or offer virtual assets. The FCA plans to implement a draft regulation on virtual assets next year and introduce new regulations in 2026. The FCA has not specified which companies the regulation will apply to.

The media added, "The FCA will gather feedback from the industry regarding market abuse and other issues."