UK to regulate crypto assets like traditional finance by 2027
Cryptocurrencies will be regulated similarly to traditional financial products under new legislation set to come into force in 2027.
The Treasury is currently drafting rules that will bring the sector under the strict oversight of the Financial Conduct Authority (FCA).
The government aims to overhaul the crypto market to boost transparency, enhance consumer confidence, and facilitate the detection of suspicious activity. Under the new regime, crypto companies – including exchanges and digital wallet providers – must register with the FCA and adhere to established transparency standards.
Chancellor Rachel Reeves described the legislation as a “crucial step” in securing…
