The UK Treasury is developing new rules to regulate the crypto market

According to Foresight News, the British Treasury is formulating relevant rules to require encryption companies to comply with a series of standards and be supervised by the Financial Conduct Authority (FCA), according to the Guardian. Cryptocurrencies will be regulated in a similar way to other financial products under legislation that comes into effect in 2027. The British government stated that the new regulations will increase transparency in the encryption industry, enhance consumer confidence, and help make it easier to identify suspicious activity, impose sanctions, and hold companies accountable.
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