UK FCA Opens Crypto Authorization Window with New Guidance
- Crypto firms can apply for UK authorization from September 30, with the window closing on February 28, 2027.
- The new regime will take effect on October 25, 2027, impacting both domestic and overseas firms dealing with UK retail customers.
- Missing the February deadline means firms lose transitional cover to operate while their application is assessed.
- The guidance covers activities like issuing qualifying stablecoins, running trading platforms, and arranging staking.
- The Financial Conduct Authority (FCA) will consult in October on further guidance changes involving decentralized protocols and financial promotions.
Britain’s Financial Conduct Authority has clarified its rulebook for crypto firms ahead of the new regime’s commencement in October, focusing on both local and international entities engaging with UK consumers. The application period offers a critical opportunity for firms to secure operational continuity during assessment.
Applying before the February deadline is crucial as it allows firms to continue operations under statutory saving provisions while awaiting FCA approval. Missing this window could restrict business activities significantly after October (Source)
