
In October 2025, the UK Financial Conduct Authority (FCA) proposed amendments to its cryptoasset regulations and addressed enforcement actions on fraud. Meanwhile, EU supervisory authorities reported on financial risks and compliance with the Markets in Crypto Assets Regulation (MiCA).

On October 6, 2025, Bitcoin hit a new record high, coinciding with the UK's FCA lifting a four-year ban on crypto exchange-traded notes (ETNs) for retail investors. This regulatory change has opened up new opportunities for UK retail investors and contributed to unprecedented inflows into crypto exchange-traded products across Europe.