The UK Treasury is introducing new cryptocurrency regulations, with oversight by the financial authority and transatlantic cooperation with the United States.
The UK Treasury is developing a comprehensive regulatory framework to bring digital assets under the supervision of the Financial Conduct Authority (FCA), effective from October 2027. According to the finance ministry, digital assets will be subject to a regulatory regime similar to that applied to other traditional financial products.
As reported by Reuters, Chancellor Rachel Reeves said the initiative is designed to establish “clear rules of the road” and keep “dodgy actors” out of the market, while also delivering “strong consumer protections.”
“Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age,” the Chancellor noted.
Under the new framework, companies operating in the crypto sector – including exchanges – will fall under the jurisdiction of the Financial Conduct Authority. As reported by The Guardian, crypto-related services will be regulated in the same way as other financial products, and will be required to meet transparency and compliance standards.
In parallel, the FCA is developing specific rules covering trading activities, market abuse, custody, and the issuance of digital assets. The Bank of England, meanwhile, presented its own proposals last month to regulate stablecoins. Both institutions, according to Reuters, have committed to finalizing their respective regulatory frameworks by the end of 2026.
In addition, the UK intends to work with the United States to promote both regulation and innovation in the sector through the “Transatlantic Taskforce.” The British government is set to present a draft bill to Parliament today.
