The United Kingdom will regulate cryptoassets starting in 2027, aligning with the approach of the USA 📈. The British government plans to introduce a new legal framework that will integrate cryptocurrency companies into the current financial regulatory framework, aiming to provide security to the sector and exclude so-called "dubious actors" 🚫.
- *Integrated structure with the traditional financial system*: The United Kingdom will choose to extend current financial rules to companies trading cryptoassets, unlike the European regulation on Crypto Asset Markets (MiCA) 📊.
- *Coordination with the USA*: The United Kingdom will work with the USA through a "transatlantic task force" to define best practices for digital assets, strengthening regulatory convergence between the two financial markets 🤝.
- *Consumer protection*: The new rules will establish "clear rules of the game", strengthen consumer protection, and help keep fraudulent participants out of the system 💡.
- *Role of the FCA and the Bank of England*: The Financial Conduct Authority (FCA) and the Bank of England are working on specific rules for trading, market abuse, custody, and issuance of cryptoassets, aiming to finalize the rules by the end of 2026 📆.
🔥 The United Kingdom will regulate cryptoassets starting in 2027
💡 Consumer protection is a priority
👥 Cryptocurrency companies must prepare for new rules
📈 Cryptocurrency market is growing
