---
type: subdivision
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "legal"]
aliases: ["GB-SCT", "GBR-SCT"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--united-kingdom]]"]
sources:
  - name: "FCA"
    url: "https://www.fca.org.uk"
    type: "official"
  - name: "Financial Services and Markets Act 2023"
    url: "https://www.fca.org.uk"
    type: "framework"
---

# 🏴󠁧󠁢󠁳󠁣󠁴󠁿 [[subdivision--gb-scotland|Scotland]] (GB-SCT) — Crypto Regulation

> The UK, including Scotland, has a clear and established regulatory framework for cryptocurrency under the Financial Services and Markets Act 2023, regulated by the Financial Conduct Authority (FCA). The FCA actively oversees financial services firms and markets, ensuring consumer protection and market integrity.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Sub-jurisdiction of | [[country--united-kingdom|United Kingdom]] |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--gbp|GBP]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | . |
| Capital Gains (Corporate) | . |
| VAT on Crypto | Yes |
| Mining Tax | . |
| Staking Tax | . |
| Airdrop Tax | . |

The FCA regulates crypto under existing financial laws. VAT applies to crypto transactions. Specific tax rates for capital gains, staking, mining, and airdrops are not detailed in the provided text.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--fca|FCA]] |
| Framework | Financial Services and Markets Act 2023 |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing is required under the Financial Services and Markets Act 2023, with firms needing FCA authorization to operate legally.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities fall under FCA regulation, requiring compliance with existing financial laws and AML/KYC rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Financial Services and Markets Act 2023, with oversight by the FCA to ensure consumer protection and market stability.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | excellent |

Mining is legal with moderate electricity costs and good infrastructure; renewable energy accounts for 30% of electricity supply.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 77/100 |
| Ease of Business | easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [FCA](https://www.fca.org.uk)
- [Financial Services and Markets Act 2023](https://www.fca.org.uk)