In brief
- A taskforce convened by think tank RUSI says crypto is a material risk for the UK ahead of its 2027 Financial Action Task Force evaluation.
- The UK’s full crypto regime takes effect in October 2027, after assessors from the global anti-money laundering standard-setter are due to visit in June.
- Members warned that UK rules could push the riskiest crypto outside the regulator’s reach and onto law enforcement.
Britain’s new crypto rules will still be in transition when global anti-money laundering assessors arrive next year, and the country will be judged on whether it can enforce against crypto laundering, a taskforce convened by the Royal United Services Institute has warned.
The report, published on Friday, sets out the issues…
