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. 

Firm and proportionate rules will come into force from 2027, giving firms legal clarity over the sector’s regulatory position and boosting consumer confidence by ensuring consumers are robustly protected. 

The changes mean that firms will need to be regulated by the Financial Conduct Authority in the same way as other providers of financial products – including being subject to established transparency standards. 

Through this new regime the UK is helping to shape global standards for cryptoassets regulation. The regime is designed to support responsible innovation, ensure open and competitive markets, and promote the UK as a destination of choice for digital asset businesses.