UK Crypto Firms Must Apply for Authorization by End of 2026

The UK's Financial Conduct Authority (FCA) has opened applications for crypto firms to become authorized, marking the first time the sector will be fully regulated in the country.

This move comes as part of a broader effort to bring clarity and legitimacy to the industry. According to Dominic Cashman, director of authorisation at the FCA, 'firms can now apply for authorisation and start preparing for regulation.'

The new crypto regime is due to take effect in October 2027, and firms will need to demonstrate that they meet requirements covering consumer protection, customer-asset safeguarding, market integrity, and financial resilience.