Cryptoasset legislation in UK to come into force in 2027

The Treasury said the legislation will help businesses innovate and grow in a bid to make the UK a "global destination for digital assets and attract more investment". The rules will give companies "legal clarity" over regulatory compliance and expectations, and will be "firm and proportionate", the Treasury explained. At the same time, they will seek to protect consumers by bringing cryptoassets in line with other regulated financial products like stocks and shares. As part of the changes, crypto firms will need to be regulated by the Financial Conduct Authority like any other fin...