UK Crypto Firms Can Now Apply for FCA Authorisation
Crypto firms in the UK can now apply for authorisation from the Financial Conduct Authority (FCA), marking a significant step towards making the country a hub for crypto businesses. The FCA's new regulation will cover consumer protection, safeguarding, market integrity, and financial resilience.
Applications must be submitted by 28 February 2027, ahead of the new regime coming into force on 25 October 2027. Authorisation is not automatic and firms must demonstrate they meet the FCA's requirements. Those that cannot show necessary standards will not be authorised to operate in the UK market.
Dominic Cashman, director of authorisation at the FCA, said: 'The UK's new crypto regime will give consumers greater protections and firms a clear framework to operate in. Firms can now apply for authorisation and start preparing for regulation.'