UK Government to Introduce Plans Regulating Cryptocurrency From 2027: Reuters
The UK government plans to introduce legislation on Monday to extend existing financial regulations to crypto companies by October 2027.Summary
The U.K. government intends to bring crypto companies under existing financial regulation starting in October 2027, with legislation for this process being introduced to Parliament on Monday. A Treasury spokesperson confirmed that the bill will closely resemble draft legislation published in April, which established the framework for stablecoin issuance and crypto exchanges. This approach mirrors the U.S. strategy of adapting current financial services rules, differing from the European Union's creation of bespoke regulations like MiCA. Chancellor Rachel Reeves stated the regulation aims to provide "clear rules of the road" while effectively excluding "dodgy actors" from the market. Separately, the Bank of England is currently consulting on a stablecoin regulatory regime until February 2026.
(Source：CoinDesk)