Crypto News: UK Plans to Bring Crypto Under Financial Services Law by 2027, Reports Say

The United Kingdom is preparing a major regulatory shift that would bring cryptocurrencies fully under existing financial services laws by October 2027, according to reports from The Guardian and Reuters. Lawmakers are expected to introduce new legislation to Parliament as early as Monday, marking one of the most significant steps yet in the UK’s effort to regulate digital assets and position itself as a global crypto hub. Crypto to Fall Under FCA OversightUnder the proposed bill, crypto firms would be regulated in line with traditional financial institutions and placed under the direct supervision of the Financial Conduct Authority (FCA). This would move crypto beyond its current regulatory status, which primarily focuses on anti-money laundering (AML) registration rather than full market oversight source: https://www.binance.com/en/square/post/33739292495130?utm_source=BinanceNewsRSS