UK crypto businesses must secure FCA authorization well before the crypto regime starts in October 2027 or face transitional restrictions on new services.
Financial authorities in the United Kingdom set a timeline for a new crypto licensing regime, requiring aspiring companies to seek full authorization before the framework comes into force.
Crypto asset service providers (CASPs) will be able to apply to enter the UK under the crypto licensing regime starting this autumn, the Financial Conduct Authority (FCA) said Thursday.
“We expect the application period will open in September 2026,” the FCA noted, adding that the timeline will be confirmed in due course.
