The UK will start its cryptocurrency regulation in 2027.

The UK Government Takes Steps for Cryptocurrency Regulation

The United Kingdom government plans to implement a new law aimed at regulating the cryptocurrency sector by October 2027. This legislative proposal will not differ significantly from the draft law published in April.

With the new regulation, existing financial services rules will also apply to cryptocurrencies. This move aims to follow the similar regulations in the United States. Thus, the UK aims to provide greater regulation and transparency in the global cryptocurrency market.