$BNB
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UKโs new crypto regulatory regime is starting to become clearer. HM Treasury has now laid further draft regulations before Parliament, while the FCA has also published new perimeter guidance explaining which crypto activities are likely to require FCA authorisation when the regime comes fully into force on 25 October 2027. Stablecoin payments are being treated differently from crypto trading The government is trying to avoid ordinary payment activity using qualifying UK stablecoins being caught by rules intended for crypto trading. Certain activities involving FCA-authorised qualifying stablecoins will therefore be excluded from regulated activities such as: