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🚨 BREAKING: UK drops 2027 crypto regulation bombshell, industry in chaos! 🤯 Exchanges shook, ministers divided,
division in the UK crypto industry over the 2027 regulatory deadline: some see it as overdue progress, while others criticize the timeline; the impact will
The UK Treasury has set October 2027 as the effective date for its comprehensive crypto-assets regime. Exchanges and custodians serving UK customers will need FCA authorization under FSMA-style rules. Reaction within the industry is divided. Policy director Freddie New criticizes the timeline, while UK ministers view it as overdue. The focus is on who the new rules will apply to and their specific activities, shaping the industry’s structure. Property rights for digital assets have also been clarified, impacting custody arrangements. Stablecoin policy and potential regulatory actions are being closely watched.
UK sets crypto regulation deadline of 2027, sparks division in industry
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