UK’s FCA Opens Crypto License Applications With Feb. 28 Deadline for Existing Firms
By Unchained
AI summary of the source article
The UK's Financial Conduct Authority has opened authorization applications for crypto firms, setting a deadline of Feb. 28, 2027, for existing businesses wishing to continue operating ahead of the regime's Oct. 25, 2027 implementation. Applicants will be evaluated on consumer protection, asset safeguarding, market integrity, and financial resilience. Existing firms that apply before the deadline will be allowed to maintain operations and take on new business while their applications are under review.