FCA to gain more power over UK’s booming crypto market
The UK Government is planning fresh legislation designed to overhaul the regulation of cryptocurrencies and force crypto firms to meet strict requirements set out by the FCA.
The new rules, set to be enforced in the second half of 2027, would see the financial regulator enforce a new approach inspired by the regulations around mainstream financial products, giving the FCA substantially more control over the UK’s burgeoning crypto market.
By widening the watchdog’s remit over companies offering crypto services, the Treasury hopes to bring greater clarity to the sector and reassure consumers, while providing mechanisms to identify suspicious behaviour and ensure corporate responsibility.
Crypto has…
