Bitcoin, Other Cryptocurrencies To Face UK Regulatory Framework By 2027: Report

The UK finance ministry has stated that it will begin regulating cryptocurrency starting from October 2027, according to a report published Monday.
Crypto To Get Regularity Clarity In UK?
The forthcoming law, slated to be presented in parliament later on Monday, is expected to extend existing financial regulations to companies involved in cryptocurrency, Reuters reported.
The draft bill to enact the regulation has undergone only minor changes since its initial publication earlier this year, the report said, citing a ministry spokesperson.
Rachel Reeves, Chancellor of the Exchequer, said that the regulations would establish “clear rules of the road,” increase consumer rights, and keep “dodgy actors” out of the market.
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