According to a Guardian report cited by COINOTAG News on December 15, the UK Treasury is drafting stringent rules to bring crypto firms under FCA oversight, with a framework that treats cryptocurrencies like traditional financial products and aims for full implementation by 2027. The plan signals a decisive shift toward formal regulation of the nascent market, aligning it with established market standards and ensuring consistent compliance across operators.
Officials say the reforms will raise transparency, bolster consumer protection, and enable authorities to more effectively detect suspicious activity, apply sanctions, and hold companies to account. As crypto adoption grows for investment and payments, the regime aims to reduce risk, increase market integrity, and support credible growth for participants and investors.
Source: https://en.coinotag.com/breakingnews/uk-to-regulate-cryptocurrencies-under-fca-rules-by-2027-boosting-transparency-and-consumer-protection
