Cryptocurrency News: The UK plans to bring cryptocurrencies under financial services law by 2027, according to reports

The UK is preparing for a significant regulatory shift that will bring cryptocurrencies fully under existing financial services laws by October 2027, according to reports from The Guardian and Reuters. Legislators are expected to introduce new legislation to Parliament as soon as Monday, marking one of the most significant steps yet in the UK’s efforts to regulate digital assets and position itself as a global cryptocurrency hub. The Financial Conduct Authority oversees cryptocurrencies.

Under the proposed bill, cryptocurrency companies will be regulated in line with traditional financial institutions and under the direct supervision of the Financial Conduct Authority (FCA). This will move cryptocurrencies beyond their current regulatory status, which primarily focuses on anti-money laundering (AML) registration rather than full market oversight.