The Treasury announced legislation which will mean crypto firms have to meet a set of standards and rules overseen by the Financial Conduct Authority (FCA). It follows efforts to overhaul the market which has grown in popularity in recent years as an alternative investment product and a way of making payments. The Government said the new rules, coming into force in 2027, will make the industry more transparent and make it easier to detect suspicious activity, impose sanctions or hold firms to account over their activity. The changes will bring firms that provide crypto services into the remit of the FCA with the intention of supporting legitimate businesses. City minister Lucy Rigby said: “We want the UK to be at the top of the list for cryptoassets firms looking to grow and these new rules will give firms the clarity and consistency they need to plan for the long term.”

Source: The Times December 15, 2025 00:21 UTC