Crypto firms to be regulated like other assets under new UK rules
The Treasury announced new legislation which will mean crypto firms have to meet a set of standards overseen by the Financial Conduct Authority.
Cryptocurrencies such as Bitcoin will be regulated in a similar way to other finance products under new UK laws coming into force in 2027.
The Treasury announced legislation which will mean crypto firms have to meet a set of standards and rules overseen by the Financial Conduct Authority (FCA).
It follows efforts to overhaul the market which has grown in popularity in recent years as an alternative investment product and a way of making payments.
But it has not been subject to the same regulation as traditional finance products such as stocks and shares, which means consumers may not get the…
