UK Treasury Preparing Crypto Rules for FCA Oversight by 2027

The UK Treasury is drafting rules that would bring crypto assets under the oversight of the Financial Conduct Authority (FCA) by 2027, treating them more like traditional financial products, according to The Guardian, as reported by Cointelegraph. The initiative follows UK measures introduced in 2023 that focused on regulating stablecoins and strengthening consumer protection in the crypto sector, and is intended to further align crypto regulation with existing financial standards.