Does fatca apply to UK residents?

I'm curious to know if the Foreign Account Tax Compliance Act, commonly referred to as FATCA, applies to UK residents. As a cryptocurrency and finance professional, I understand that FATCA is a US law aimed at preventing tax evasion by US taxpayers using offshore accounts. However, I'm unsure if its reach extends to individuals residing in the United Kingdom. Could you clarify if UK residents are subject to FATCA regulations, and if so, how does it impact their financial activities, particularly in the realm of cryptocurrency?