Crypto firms in UK to face same rules as traditional financial providers by 2027
LONDON, Dec 15 — Britain’s government on Monday said UK laws on regulating cryptocurrency firms will come into force from 2027, with the “firm and proportionate” rules supporting the industry while protecting consumers.
Cryptocurrency companies will be “regulated by the Financial Conduct Authority (FCA) in the same way as other providers of financial products – including being subject to established transparency standards”, the finance ministry said in a statement.
The FCA has said that rules on a specific framework for cryptocurrencies would be published by 2026.
“Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world leading…
