🇬🇧📍JUST IN: New Crypto rules will come into force from 2027, giving firms legal clarity over the Crypto sector’s regulatory position and boosting consumer confidence by ensuring consumers are robustly protected.
📍Cryptoassets firms will be backed to innovate and grow under plans to make the UK a global destination for digital assets and attract more investment.
📍Chancellor backs cryptoassets firms to invest and grow in the UK with firm and proportionate regulation.
➡️ Legislation coming into force from 2027 marks major development in delivering on the government’s ambition to make the UK a global destination for digital assets
Consumers will be protected by bringing cryptoassets into scope of similar rules to those for other regulated financial products like stocks and shares.
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BBA is the UK’s leading industry body on Blockchain and Digital Assets, established in 2017. BBA is the Secretariat of APPG on Blockchain Technologies.
📍Cryptoassets firms will be backed to innovate and grow under plans to make the UK a global destination for digital assets and attract more investment.
📍Chancellor backs cryptoassets firms to invest and grow in the UK with firm and proportionate regulation.
➡️ Legislation coming into force from 2027 marks major development in delivering on the government’s ambition to make the UK a global destination for digital assets
Consumers will be protected by bringing cryptoassets into scope of similar rules to those for other regulated financial products like stocks and shares.
——-
BBA is the UK’s leading industry body on Blockchain and Digital Assets, established in 2017. BBA is the Secretariat of APPG on Blockchain Technologies.