UK to Bring Crypto Under FCA Oversight by 2027 in Sweeping Regulatory Shift

The UK Treasury has announced plans to fully integrate cryptocurrency into its financial regulatory framework, with the Financial Conduct Authority (FCA) taking oversight starting in 2027. The move aims to align digital assets with traditional financial products while fostering innovation—a balancing act designed to solidify Britain’s position as a global financial hub amid rising crypto adoption.

Exchanges, wallet providers, and brokers will face stricter transparency and consumer protection rules under FCA supervision. Officials frame the policy as a necessary step to curb fraud and scams, particularly as crypto ownership among UK adults reaches 12%.

The regulatory overhaul signals London’s intent to compete with rival financial centers like New York and Singapore. By bringing crypto under established oversight, the UK hopes to attract institutional investment while weeding out bad actors—a delicate calibration between market freedom and investor safeguards.