UK Treasury plans new cryptocurrency regulations from 2027
The UK Treasury is developing rules that will bring cryptocurrencies under the supervision of the Financial Conduct Authority (FCA) starting in 2027. It also plans to ban political donations made using cryptocurrencies.
Source The Guardian
These measures aim to enhance the security of the digital asset market and prevent the use of cryptocurrencies in political financing. The regulator intends to establish clear frameworks to protect investors and increase transparency in cryptocurrency transactions.
The new regulations could significantly change the UK's approach to cryptocurrencies, creating stricter controls and new restrictions for the industry.
