FCA opens the gateway to regulated crypto
By FCA
AI summary of the source article
The UK Financial Conduct Authority has opened the application gateway for crypto firms to seek regulatory authorisation. The regime brings crypto companies under full FCA oversight, enforcing standards on consumer protection, customer asset safeguarding, market integrity, and financial resilience. Firms wishing to continue operating in the UK must submit their applications by 28 February 2027, prior to the regime coming into force on 25 October 2027. Existing firms that apply within this period may continue offering cryptoasset services while their submissions are reviewed. Authorisation is not automatic, and businesses that fail to meet the required criteria will not be permitted to operate.
Why it matters
The framework establishes new consumer protections for crypto investors while offering the sector regulatory clarity and legitimacy.
Key facts
- Firms intending to continue operating in the UK must apply for authorisation by 28 February 2027.
- The new FCA crypto regime will officially come into force on 25 October 2027.
- Firms must meet standards covering consumer protection, customer asset safeguarding, market integrity, and financial resilience to gain authorisation.