UK Treasury to implement regulation for Bitcoin and crypto by 2027

The UK Treasury is developing new legislation, expected to be enforced by 2027, to bring the digital assets sector under the supervision of the Financial Conduct Authority (FCA). This move aims to subject crypto firms to the same standards as traditional financial products like stocks, addressing significant gaps in consumer protection exacerbated by rising investment scams. Chancellor Rachel Reeves stated that integrating crypto into the regulatory perimeter will offer firms certainty and stronger consumer safeguards. Furthermore, the Treasury indicated these changes will boost sector transparency and aid enforcement against fraud and financial crimes, alongside separate ministerial efforts to ban politically motivated crypto donations due to verification difficulties.

(Source：Crypto Briefing)