Golden Finance reported that on the 16th local time, the UK is expected to implement regulations on cryptocurrencies starting from October 2027, following the regulatory model of other financial products. The UK Treasury has submitted a new bill requiring cryptocurrency companies to comply with various standards and regulations, and to be supervised by the financial regulatory agency, the Financial Conduct Authority (FCA). According to the bill, all cryptocurrency exchanges and digital wallet service providers that offer services within the scope of anti-money laundering regulation in the UK must register with the Financial Conduct Authority and accept its management and oversight. Currently, cryptocurrencies have not yet been included in the regulatory system like traditional financial assets such as stocks. The Treasury stated that after the new regulations are implemented, it will help enhance the transparency of the cryptocurrency industry and consumer trust, while also making it easier to investigate suspicious trading activities.