UK Financial Conduct Authority Intends to Start Authorizing Crypto Firms in 2026
The U.K.’s crypto industry has just over 12 months to prepare for an even stricter regulatory regime, a senior official with the country’s finance regulator said.
Matthew Long, director of payments and digital assets at the U.K.’s Financial Conduct Authority (FCA), told CoinDesk in an interview that the “impending gateway regime” that is earmarked for 2026 will in fact be a new authorization regime for crypto companies.
“We will have a gateway which will allow authorization. But obviously we’ve got to go through those consultations, create those rules and get the legislation for that to take place,” Long said.
This regime will be a leap from the current anti-money laundering (AML) one. Firms like crypto exchanges Coinbase, Gemini and…
