Regulator partners with major exchanges through Eunice sandbox trials to shape data-driven standards for future crypto oversight
The UK’s Financial Conduct Authority has taken a significant step toward defining its future crypto regulatory framework, approving RegTech firm Eunice to conduct real-world testing of standardized disclosure templates across leading exchanges. The move reflects a broader shift toward evidence-based rulemaking, with the FCA using live market feedback to shape the country’s 2026 crypto rulebook.
Eunice will pilot its templates with exchanges including Coinbase, Crypto.com and Kraken, evaluating whether unified disclosure standards improve clarity for users and regulators. The templates aim to simplify information on token risks, listings, and market behavior—areas where industry practices have historically lacked consistency.
Colin Payne, the FCA’s head of innovation, said the sandbox remains open to applicants:
“We encourage firms developing solutions that support our regulatory approach to cryptoassets to apply. Practical testing will continue informing how the UK designs its rulebook.”
The FCA’s emphasis on testing industry-built tools indicates that technical expertise from the private sector will influence the next stage of policy development, rather than regulations being shaped solely through theoretical frameworks.
UK Pushes for Higher Crypto Market Transparency
Eunice co-founder and CEO Yi Luo said the sandbox allows public and private actors to collaborate directly:
“The project is designed to strengthen the foundations of the UK’s crypto markets. Leading work on disclosures reflects our mission to improve integrity and transparency at a time when institutions are entering the space.”
The templates stem from feedback to the FCA’s Admissions and Disclosures Discussion Paper, which called on industry members to contribute to early rulemaking. The trial will test whether those ideas can scale effectively in real trading environments.
The experiment forms part of the FCA’s multi-year Crypto Roadmap, culminating in the UK’s final regulatory framework expected in 2026. Over the past year, the FCA has tightened financial promotion rules, issued warnings to unlicensed exchanges, and opened debates on market-abuse standards for digital assets.
Recent actions also signal a more supportive stance:
– The ban on crypto ETNs for retail investors was lifted on Aug. 1.
– A consultation launched in September examines whether the Consumer Duty—a core rule in traditional finance—should apply to crypto firms.
As the UK navigates the balance between innovation and oversight, the Eunice trial is poised to play a defining role in shaping transparent, data-driven and industry-informed standards for digital asset markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.