Regulation· ★★★★· neutral·

UK FCA Clarifies Crypto Lending Rules, Distinguishing Collateral From Yield-Bearing Loans

  • —FCA began accepting crypto license applications on September 30, 2026
  • —The new UK regime is set to take effect on October 25, 2027
  • —Collateral Bitcoin will be held in trust under CASS 17
  • —Yield-bearing crypto loans may be exempt from the trust requirement
Why it matters: The distinction between collateral and yield-bearing loans will determine whether clients can recover assets if a platform fails, with no FSCS compensation available.
#BTC
Source: CryptoActu
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