🔥 The United Kingdom is preparing to impose comprehensive oversight on the cryptocurrency market $BTC by late 2027, in a significant regulatory shift that places digital assets under direct supervision akin to the rules applied in traditional financial markets, in an effort to protect investors and curb the rise of fraud $ETH
🔥 According to media reports, the British Treasury intends to subject the cryptocurrency sector to the oversight of the Financial Conduct Authority (FCA), ensuring the implementation of strict standards related to consumer protection, combating financial crimes, and holding senior management of companies operating in the field accountable.
🔥 This move comes at a time when the British market is experiencing a sharp increase in risks associated with digital assets, as data from UK Finance reported a 55% increase in losses resulting from cryptocurrency-related fraud over the past year.$BNB
🔥 The largest Bitcoin seizure in British history has accelerated calls for regulation, after authorities recovered nearly 61,000 Bitcoins, worth over £5 billion, in a cross-border fraud case that revealed the scale of illicit funds circulating within the country.
