FCA Trials Crypto Disclosure Templates in Push for New UK Rulebook

• FCA lets Eunice test crypto disclosure templates with major exchanges.
• The sandbox trial aims to build evidence-based rules for the UK’s crypto market.
• Results will guide transparency standards in the UK’s 2026 crypto rulebook.

The FCA has approved RegTech company Eunice to run a major crypto transparency trial in its regulatory sandbox. The decision marks one of the clearest steps toward defining the UK’s future crypto rulebook. The regulator wants to test real tools in real environments instead of relying on theoretical models.

The FCA announced that Eunice will collaborate with Coinbase, Crypto.com, and Kraken during the experiment. The company will trial standardized crypto disclosure templates that will aim for better clarity for users and institutions. The FCA will monitor how well these templates will function in active market conditions.

The regulator confirmed that its sandbox is still open for new applicants. It encouraged firms building similar solutions to contribute to and support policy development. FCA Head of Innovation Colin Payne said the agency welcomes trials that lead to the design of evidence-based rules when it comes to crypto assets.

Eunice Underscores Commitment to Clearer Crypto Disclosures

Eunice leaders said the approval favors closer cooperation between regulators and industry. CEO Yi Luo said that the firm plans to introduce more transparency and integrity to the digital assets as more companies begin participating. She also noted that taking the lead on this disclosure work is part of the company’s original mission.

The templates under test were developed following the release of the FCA’s Admissions and Disclosures Discussion Paper last year. That paper requested technical input from industry experts and helped shape early thinking related to future rulemaking. The Eunice pilot is now the first major test of those ideas.

Also Read: Kraken Chief Criticizes UK Crypto Restrictions, Warns of Harm to Retail Investors

The trial is also a support for the FCA crypto roadmap. This multi-year plan will result in the crypto regulations for the UK being published finally in 2026. The roadmap prioritizes better transparency, lower market risks, and a structured oversight system.

Source: FCA

FCA Tightens Rules as Part of Ongoing Crypto Market Reforms

The UK has already implemented a number of regulatory changes over the past year. The FCA tightened regulations on financial promotions by crypto companies. It also issued warnings to unregistered exchanges who operated without an approval. In addition, the regulator published a detailed paper about risks associated with admissions, disclosure, and potential market abuse.

More recent actions represent a more open attitude to regulated crypto activity. On August 1, the FCA ended its ban on crypto exchange traded notes for retail investors. This decision opened up the option of wider access to crypto-based financial products.

On September 17, the regulator opened a consultation on whether they should extend their Consumer Duty rule to crypto. Consumer Duty imposes the requirement on firms to offer fair outcomes to consumers and could influence the way UK crypto businesses treat customers.

The Eunice trial is now a central part of this regulatory shift. The results of the Eunice trial will help determine how transparency standards will influence the next stage of crypto oversight in the UK.

Also Read: UK FCA Ends 4-Year Crypto ETN Ban, Boosting Retail Investor Access