The UK Financial Conduct Authority has opened the application process for crypto firms seeking regulatory authorization from Sept. 30, marking the first time the country’s crypto sector will be brought fully under FCA supervision. The regulator said the standards will cover consumer protection, safeguarding client assets, market integrity, and financial resilience. Firms that plan to keep operating in the UK are expected to submit their applications by Feb. 28, 2027. The new regulatory regime is scheduled to take effect on Oct. 25, 2027. The FCA also made clear that authorization will not be granted automatically, and applicants must show that they meet the regulator’s requirements.
The UK Financial Conduct Authority, or FCA, said crypto firms can begin applying for regulatory authorization from Sept. 30, in a move that will bring the country’s crypto industry fully under FCA supervision for the first time.
According to the announcement, the regulatory standards cover consumer protection, safeguarding client assets, market integrity, and financial resilience. Firms intending to continue operating in the UK should submit their applications by Feb. 28, 2027.
The new regime will take effect on Oct. 25, 2027. The FCA said authorization is not automatic, and firms must demonstrate that they meet its requirements.
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