Treasury to implement regulatory rules for crypto firms from 2027
From 2027, the Treasury has announced it will implement “firm and proportionate” rules to give firms legal clarity over the crypto sector’s regulatory position and “boost consumer confidence by ensuring consumers are robustly protected”.
The Treasury said: “Cryptoassets firms will be backed to innovate and grow under plans to make the UK a global destination for digital assets and attract more investment.”
This means that firms will need to be regulated by the Financial Conduct Authority in the same way as other providers of financial products, “including being subject to established transparency standards”.
Through this new regime the UK is helping to shape global standards for cryptoassets regulation.
The…
