Bitcoin and other cryptocurrencies will be regulated in Britain under new rules

Bitcoin and other cryptocurrencies, the British government announced, will be regulated in a new way from October 2027. The relevant financial department has already begun consultations with the crypto industry.

Bitcoin and its comrades are viewed from the point of view of official financial circles, writes xrust. Officials have already unveiled their proposals, along with research showing the proportion of UK adults owning cryptocurrency has fallen by a third over the past year.

Regulators around the world are trying to catch up on rules to regulate the crypto industry. At the same time, the UK is seeking to bring its rules into line with American, rather than European Union rules.

Significant changes are expected in the rules for listing crypto assets, measures to curb insider trading and manipulation, standards for crypto trading platforms and rules for brokers.

Xrust Bitcoin and other cryptocurrencies will be regulated in Britain under new rules