UK Plans to Regulate Cryptocurrency Starting in 2027
The UK government plans to regulate cryptocurrency by extending existing financial services rules to crypto companies, with regulation set to take effect in October 2027.
Legislation to regulate crypto will be introduced into Parliament on Monday and is expected to be largely unchanged from the April 2025 draft.
The regulatory regime will cover crypto exchanges and stablecoin issuance, aligning with the U.S. approach rather than the EU's MiCA regime.
Separately, the Bank of England has proposed a distinct regulatory regime for stablecoins, which is open for consultation through February 2026.
Chancellor Rachel Reeves stated that the regulation will provide clear rules and help keep illicit actors out of the market.
The Treasury did not immediately respond to CoinDesk's request for comment.
