The UK Treasury is introducing new regulations for cryptocurrency markets, aiming to protect consumers and maintain the UKs status as a leading financial center. These rules, expected to fully take effect by 2027, will treat digital money and assets similarly to traditional financial products. The move comes as cryptocurrency popularity surges, but currently lacks the same consumer protections as stocks and shares. The new regulations will increase transparency, build consumer confidence, and help combat suspicious activities and fraud. Crypto companies will need to register with the Financial Conduct Authority if their services fall under money-laundering regulations. The urgent need for stronger regulations is highlighted by a recent surge in investment scams, including those involving fake cryptocurrency, and a multi-billion pound bitcoin fraud case. Ministers are also considering banning political donations made with cryptocurrency due to tracing difficulties.

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