The UK government is set to introduce comprehensive cryptocurrency regulations by 2027, bringing the fast-growing sector under the oversight of the Financial Conduct Authority.
According to a report by The Guardian, the new framework aims to address consumer protection gaps in an industry that has largely operated under limited supervision.
Rising adoption has also increased risks, with UK Finance reporting a 55% surge in losses linked to crypto scams over the past year. The urgency for reform was underscored by the UK’s largest-ever Bitcoin seizure, where authorities recovered 61,000 BTC in a major fraud case.
UK Chancellor Rachel Reeves said clear rules will give firms confidence to invest while locking bad actors out of the market. Secondary legislation is expected soon, with a final rulebook targeted for mid-2026 and full implementation in 2027.
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