Digital Finance, DLT and Fintech

On 30 June 2026, the Financial Conduct Authority (FCA) published five policy statements setting out final rules for cryptoasset firms, three pieces of finalised guidance and two additional guidance consultation papers intended to establish a regime that sets clear, predictable rules for firms across the full range of regulated cryptoasset activities.

Background

The

On 20 May 2026, the European Commission (Commission) issued a public consultation on the review of the Markets in Crypto-Assets Regulation (MiCA). The deadline for comments on the consultation was 31 August 2026. On 29 June 2026, the Commission announced on its Finance News Hub that it was extending the deadline

On 25 June 2026, the Australian Securities and Investments Commission (ASIC) announced that it was extending its sector-wide no-action position on digital asset businesses to 30 September 2026.

Background

In Consultation Paper 381 Updates to INFO 225: Digital assets: Financial products and services (CP 381), ASIC proposed a class no-action position

On 26 June 2026, the European Banking Authority (EBA) published a consultation paper with a draft methodology for setting fines in its role as supervisor under the Markets in Crypto-Assets Regulation (MiCA).

Under Article 131 of MiCA the EBA may impose fines on issuers of significant asset-referenced tokens (s-ARTs)

On 25 June 2026, the Digital Regulation Co-operation Forum (DRCF) published a call for input in relation to its Thematic Innovation Hub.

Background

The DRCF sets out that, building on the DRCF AI & Digital Hub pilot, which demonstrated the value of informal, cross regulator collaboration, the DRCF launched the Thematic Innovation Hub, and recently concluded

On 23 June 2026, the European Securities and Markets Authority (ESMA) issued a Public Statement calling on unauthorised crypto-asset service providers to wind down orderly, while also safeguarding clients’ interests, as the transitional period under the Markets in Crypto-Assets Regulation (MiCA) ends on 1 July 2026.

In the Public Statement ESMA

In the latest episode of our Let’s talk asset management series, we discuss the FCA’s recent policy statement on progressing fund tokenisation, which introduces new guidance intended to support firms seeking to launch tokenised authorised funds and brings into force rules  that would permit firms to use a new direct dealing model for authorised funds.

On 22 June 2026, the Financial Conduct Authority (FCA) published consultation paper (CP26/20) setting out proposals for adapting its rules for a changing market in self-invested personal pensions (SIPPs).

Background

In the FCA’s Discussion Paper 24/3 Pensions: Adapting our requirements for a changing market, published in December 2024