The UK can “lead the world in digital asset adoption,” according to City Minister Lucy Rigby, writes the FT.
Rigby claims that Britain’s upcoming crypto regulatory regime, taking effect in the latter half of 2027, will be “proportionate and fair,” providing clarity for digital businesses and consumer protection.
Speaking to the FT, Rigby said the approaching regime will mark a milestone in adoption for the UK:
“Our intention is to lead the world in digital asset adoption,” she said.
“The rules we are putting in place are going to be proportionate and fair. They are going to be good for growth, encourage firms to invest here and protect consumers as well. I don’t see any conflict between those things.”
The regime aims to create a comprehensive regulatory ecosystem, where crypto firms are regulated under the same scrutiny that traditional firms are.
Following the UK and US’s transatlantic task force discussed earlier in the year, Rigby said the new rules look to progress regulatory harmony across global jurisdictions.
“Our regulation is designed with domestic circumstances in mind, but it makes a good deal of sense to explore mutually beneficial market access opportunities and regulatory alignment, where that makes sense for the UK,” she told the FT.
