FCA Estimates Net Benefit of Its Crypto Regime at GBP 120 Million Over 10 Years

Finance Magnates Crypto reported that the UK Financial Conduct Authority expects its new cryptoasset regime to generate a net benefit of GBP 120 million over a 10-year appraisal period, with modeled benefits of GBP 1.435 billion against GBP 1.315 billion in costs. The outlet's analysis found that more than half of the benefit side rests on a single assumption about what consumers value in stronger protection, with GBP 735 million assigned to that line item, representing 51.2% of all modeled benefits. Finance Magnates Crypto noted that stripping out that assumption would leave remaining benefits GBP 615 million short of the cost estimate. The FCA frames the same figure as a breakeven test, requiring GBP 136 of protection value per consumer over 10 years across an estimated 4.5 million current crypto consumers. The figures are FCA estimates expressed as 2026 present values discounted at 3.5%, not invoices crypto firms will pay. The regime is due to start on October 25, 2027, and is expected to apply to 325 firms. Only one source covers this story, so these findings should be treated as the outlet's reporting rather than independently confirmed.