on the 16th local time, the UK is expected to implement regulation on cryptocurrencies starting from October 2027, referring to the regulatory model of other financial products.

The UK Treasury has submitted a new bill requiring cryptocurrency companies to comply with various standards and regulations and to be supervised by the financial regulatory authority — the Financial Conduct Authority (FCA). According to the bill, any institutions providing services under the anti-money laundering regulatory scope in the UK, such as cryptocurrency exchanges and digital wallet service providers, must register with the Financial Conduct Authority and be subject to its management and supervision.

Currently, cryptocurrencies have not been included in the regulatory system like traditional financial assets such as stocks. The Treasury stated that once the new regulations are implemented, they will help improve transparency and consumer trust in the cryptocurrency industry, while also making it easier to detect suspicious transactions.