The UK plans to include cryptocurrencies in its financial regulatory system, with implementation no later than 2027.

According to ChainCatcher, the UK government plans to fully incorporate cryptocurrencies into the existing financial regulatory framework by 2027 at the latest.

The UK Treasury will submit legislation to Parliament to formally place crypto businesses under the supervision of the Financial Conduct Authority (FCA) by October 2027. Chancellor of the Exchequer Rachel Reeves stated that bringing the crypto industry under regulation is a key step in consolidating the UK's position as a global financial center in the digital age, helping to provide clear rules for businesses, protect consumers, and keep bad actors out of the UK market. In April of this year, the UK Treasury released a draft regulation to bring crypto exchage, brokers, and agents under its purview. The new legislation will bring crypto assets closer to traditional financial products like stocks in terms of regulation. Currently, UK crypto businesses mainly only need to register with the FCA, with a focus on anti-money laundering risks. UK Economic Secretary Lucy Rigby stated that the legislation is a significant milestone in UK digital asset policy, aiming to be at the forefront of digital asset adoption globally, and emphasized that the new rules will balance growth, innovation, and consumer protection. Furthermore, this legislation is also seen as a step towards aligning with US crypto regulation. The UK and the US established a working group last September to explore cooperation in the area of crypto regulation. The FCA's crypto regulatory roadmap released last month shows that the UK plans to complete regulations for stablecoins, trading platforms, and DeFi by the end of 2026.