UK FCA Issues Guidance for Upcoming Crypto Regulatory Regime
- The UK Financial Conduct Authority (FCA) published guidance to clarify the new cryptoasset regulatory regime.
- Authorization applications will open on September 30, 2026, with the regime taking effect on October 25, 2027.
- The guidance covers areas such as qualifying stablecoins, cryptoasset trading platforms, custody services, and staking arrangements.
- David Geale from the FCA emphasized the importance of understanding how regulations apply to businesses for successful authorization preparation.
- Further updates to the guidance are planned following legislative changes affecting some technical service providers.
This guidance aims to help crypto companies navigate their compliance obligations under the new regime effectively. The FCA is also conducting pre-application consultations and webinars to assist firms in preparing for authorization.
With authorization applications set to begin in September, firms are encouraged to review this guidance closely as they prepare for the October implementation date. (Source)
