UK FCA Unveils Crypto Authorization Guidance Ahead of September Application Window

The UK Financial Conduct Authority (FCA) has issued final guidance on when crypto activities may require authorization under its new regulatory regime. The guidance covers various activities, including issuing qualifying stablecoins, operating crypto trading platforms, and arranging transactions.

The FCA emphasized that existing registrations and permissions will not automatically convert under the new regime, meaning firms must determine whether they need FCA authorization or a variation of permission.

The regulator aims to provide clarity for businesses, allowing them to prepare with confidence. The guidance is intended to help firms understand how the regime applies to their business and what permissions they require.