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The Independent UK
The Independent UK
Anna Wise

UK Treasury to regulate cryptocurrency under new legislation

Crypto United Kingdom the Financial Conduct Authority Rachel Reeves FCA

The UK is set to introduce new legislation by 2027 that will bring cryptocurrencies, including Bitcoin, under a regulatory framework akin to traditional financial products.

The Treasury has unveiled plans for these new laws, which will mandate crypto firms to adhere to a specific set of standards and rules. These will be rigorously overseen by the Financial Conduct Authority (FCA).

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