FCA Begins Vetting Crypto Companies for UK Market Access
By PYMNTS
AI summary of the source article
The UK Financial Conduct Authority has opened applications for crypto firms seeking full authorization under the country's upcoming regulatory framework. Existing firms intending to continue operating in the UK must apply by February 28, 2027, ahead of the framework taking effect on October 25, 2027. Firms that fail to meet FCA standards on consumer protection, asset safeguarding, and financial resilience will not be authorized.