🇬🇧 Britain places crypto under full regulatory umbrella
The UK Treasury is working on crafting a new regulatory framework aimed at subjecting the cryptocurrency market to oversight by the Financial Conduct Authority (FCA), treating crypto with the same stringent standards applied to traditional finance (TradFi) products.
🔍 What does that mean?
Official regulation of trading platforms and crypto service providers
Stronger requirements for investor protection and transparency
Compliance and anti-money laundering standards similar to banks and financial institutions
Enhancing institutional confidence and driving wider adoption of digital assets
⏳ Timing is expected for these rules to come into effect in 2027, giving companies time to adapt, but sending a clear signal that Britain is serious about regulating the sector and not banning it.
📌 In summary, this step could make the UK a regulated and attractive hub for crypto companies, but it will also raise the bar on requirements for projects and platforms.
