The legislation will aim to support innovation while strengthening consumer protection and market integrity.
➡️ Crypto brought into regulation: From 2027, cryptoasset firms and will be subject to comparable rules to other regulated financial products, including transparency standards;
➡️ Legal clarity for firms: A firm and proportionate regime will give crypto businesses certainty to invest, scale, and create skilled jobs in the UK;
➡️ Stronger consumer protection: Aligning crypto with existing financial services rules is intended to boost consumer confidence;
➡️ Enhanced oversight and enforcement: Regulation will improve the UK’s ability to detect suspicious activity, enforce sanctions, and hold firms accountable; and
➡️ Global positioning: The regime supports responsible innovation and reinforces the UK’s ambition to be a global hub for digital assets, alongside international cooperation such as the US-UK Transatlantic Taskforce.
✅ Cryptoasset firms should start preparing for heightened scrutiny by reviewing governance and financial crime control frameworks ahead of the new regime coming into force.