The UK's Financial Conduct Authority (FCA) announced plans to implement formal regulations for cryptocurrency firms by 2026. The new framework will waive certain traditional financial rules, including management, system controls, and "cooling-off" periods, to accommodate the unique volatility of crypto assets. In addition to these regulatory adjustments, the FCA will prioritize enhancing cybersecurity measures within the crypto sector. This move aims to create a more secure and adaptable regulatory environment for digital asset companies operating in the UK.