UK's New Crypto Regulations: A 24-Hour Deadline That Could Catch Firms Off Guard
The UK's Financial Conduct Authority has introduced new crypto regulations that may expand the definition of custody, potentially affecting platforms and software providers that do not consider themselves custodians. The Cryptoasset Perimeter Guidance, published on Wednesday, sets a 24-hour threshold for custody, meaning that any firm holding client assets for more than a day during trade settlem…
April 16, 2026, 2:40 p.m.