UK sets 2027 crypto regulation deadline, sparks industry divide
The UK Treasury has set October 2027 as the date its full cryptoasset regime comes into force.
For the first time, exchanges, custodians and other crypto intermediaries serving UK clients know they will need FCA authorisation under FSMA-style rules to keep doing business, rather than just a money-laundering registration and a risk warning.
The reaction to this move has been split across the industry.
Freddie New, chief policy officer at Bitcoin Policy UK, called the timeline “nothing short of farcical,” arguing that the UK “hasn’t just been left in the dust; it is barely even in the same race” compared with the EU’s already-live MiCA regime and a fast-moving US legislative agenda.
On the other side of the table, UK ministers sell…
