UK FCA Opens Applications for Crypto Authorization as New Regulatory Framework Begins

The UK Financial Conduct Authority (FCA) has officially begun accepting authorization applications from cryptocurrency firms as part of a new regulatory regime for crypto assets. This significant development was announced on September 30, 2026, and follows extensive legislative groundwork and consultations over the past two years.

The new regulatory framework, which will take effect on October 25, 2027, was established to cover a variety of activities including stablecoin issuance, custody, trading platforms, and staking. Firms wishing to continue operating in the UK must submit their applications by February 28, 2027. During the transition period, existing firms can continue providing services while their applications are under review, provided the FCA has not made a decision by the start of the new regime.

The FCA has emphasized that firms must demonstrate compliance with its standards to receive authorization. To assist in this process, the regulator is offering pre-application support and webinars. Firms that fail to meet the requirements will not be permitted to offer regulated crypto asset services in the UK.