The UK Financial Conduct Authority (FCA) opened crypto authorization applications on September 30, 2026, and urges crypto firms seeking to continue operating in the UK to apply by February 28, 2027, ahead of the new regime taking effect on October 25, 2027.
“Firms that intend to continue operating in the UK should apply by 28 February 2027, ahead of the new regime coming into force on 25 October 2027,” the announcement said.
This marks a significant milestone for the crypto industry and signals that the UK is serious about protecting investors. It also gives the sector clarity and legitimacy that comes with a proper regulatory framework.
However, authorization is not automatic; applicants must demonstrate compliance with the regulator’s requirements. This shows the government and the FCA’s serious intention to regulate the crypto sector in the UK, while supporting growth and innovation.
Broader Oversight for Crypto Businesses
The framework establishes standards covering consumer protection, safeguarding customer assets, market integrity, and financial resilience.
It expands the FCA’s oversight beyond anti-money laundering controls and financial promotions. The regulator’s June policy package sets out rules for stablecoin issuance, custody, trading activities, and market abuse.
“The UK’s new crypto regime will give consumers greater protections and firms a clear framework to operate in. Firms can now apply for authorization and start preparing for regulation,” said Dominic Cashman, director of authorization at the FCA.
Timely Applications Allow Operational Continuity
The FCA expects to determine applications submitted during the application period before the regime begins.
Existing firms applying within that window can continue providing crypto services, including taking on new business, if their application remains under assessment when the rules take effect.
Firms that fail to meet the standards will not receive authorization and cannot continue offering regulated crypto services in the UK.
To support the transition, the FCA is proposing pre-application discussions and webinars to help crypto firms prepare for authorization.
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