FCA Opens UK Crypto Authorization Window for 2027 Regime
Firms can keep serving customers while applications are reviewed, but approval depends on meeting standards for safeguarding, financial resources and conduct.
- On Wednesday, the Financial Conduct Authority opened its "Authorization gateway," allowing cryptocurrency firms until February 28, 2027, to submit applications for the incoming regulatory regime.
- Developing for years, the UK's new framework officially takes effect on October 25, 2027, transitioning digital asset businesses away from reliance on previous Money Laundering Regulations .
- Applicants must provide detailed business plans, financial forecasts, and governance procedures, with specific questions depending on their operations. Firms can use the Pre-Application Support Service to discuss business models before filing.
- Eligible businesses submitting by the February deadline can continue operations while the FCA assesses their filings. Companies waiting until after February 28 will face restricted transitional treatment if decisions remain pending.
- CEO Nick Jones noted that industry operators like Zumo are preparing for the new rules, including developing a "U.K Cryptoasset Regulation Tracker" to help other businesses map their obligations.
24 Articles
24 Articles
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UK FCA Starts Crypto Approval Process With Key Deadline Ahead
TLDR UK FCA has opened its crypto authorization process ahead of the new regulatory regime starting Oct. 25, 2027. Crypto firms must submit authorization applications by Feb. 28, 2027, to continue covered services in the UK. The framework covers crypto trading, staking, custody, transactions, disclosures, market abuse and consumer protection. Existing Money Laundering Regulations registration [...]
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