Global Crypto Legislation Update: What You Need to Know in 2025

Cryptocurrency regulation is accelerating worldwide as governments seek to balance innovation with investor protection. Here's the latest on what’s changing:

🇬🇧 UK: Retail Access to Crypto ETNs Restored

The UK Financial Conduct Authority (FCA) will allow retail investors to access Bitcoin and Ethereum exchange-traded notes (ETNs) starting mid-2025.
While still considered high risk, these regulated products bring crypto exposure under safer conditions.
However, crypto derivatives like futures remain banned for everyday traders.

🇺🇸 USA: Major Stablecoin Legislation Advances

The U.S. Senate has passed the GENIUS Act, marking the first serious federal effort to regulate stablecoins.
Key features:

• Stablecoins must be fully backed 1:1 by reserves

• Regular audits and AML/KYC compliance

• Limits on issuance from foreign firms and government insiders

A related House bill (STABLE Act) may merge with it later this year.

🇪🇺 EU: MiCA in Full Effect

Europe's Markets in Crypto-Assets (MiCA) regulation is now active:

• Requires all crypto service providers to obtain CASP licenses

• Establishes clear rules for asset-backed tokens, stablecoins, and custodians

• Introduces protections against insider trading and market abuse