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The Guardian - UK

Technology

Eleni Courea Political correspondent

UK Treasury drawing up new rules to police cryptocurrency markets

Crypto United Kingdom Cryptocurrency Rachel Reeves Police Zhimin Qian Bitcoin FCA

Bitcoin tokens and a share price chart — Buyers of bitcoin and other cryptocurrencies often do not get the level of protection associated with traditional financial products. Photograph: Dimitris Aspiotis/Shutterstock

Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027.

The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA).

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