The UK government is set to introduce legislation that will prohibit the public offering of cryptocurrencies, according to a recent paper released by the Financial Conduct Authority. This move aims to build upon existing promotion rules that restrict unregistered cryptocurrency firms from targeting UK clients, with exemptions applying to certain crypto asset trading platforms and offers. The FCA is seeking input from the industry on its proposed market admission and disclosure requirements, as well as its regime to combat market abuse, as part of its broader efforts to establish a new regulatory framework for the crypto sector in 2026. The regulator has been overseeing the industry since 2020, focusing on compliance with anti-money laundering rules, and is now seeking feedback on how to ensure consumers have access to necessary information to make informed decisions and how to reduce fraud through its market abuse regime.