Starting in 2026, the UK will introduce strict rules for crypto companies to enhance market transparency and security. According to Bloomberg, crypto exchanges, dealers, and agents will be regulated similarly to traditional financial companies. New requirements mandate the collection of user data, including identification information, tax numbers, and transaction details, as well as conducting thorough customer checks. Non-compliance poses penalties.
These changes, announced by Finance Minister Rachel Reeves, are based on the Statutory Instrument (SI) project from April 2025, which updates the regulatory framework for cryptoassets. Stablecoins and DeFi will be regulated individually, and crypto companies will receive clear categories of activity. The aim is to protect investors and prevent money laundering. The UK, which holds £61,000 ($5.6 billion) from confiscations, aims to become a leader in regulating the crypto market, similar to the US.
These rules may complicate the work of small companies but will increase trust in the industry. Stay tuned for updates to be ready for changes!
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