The U.K. Financial Conduct Authority has set the next stage of its crypto rulebook, giving firms a clear path toward full authorization before the new regime starts.Â
Summary
- Crypto firms must seek FCA approval by February 2027 or risk losing UK access later.
- Stablecoin issuers won softer capital rules, but must still meet new reserve and redemption standards.
- Existing AML registrations will not transfer automatically, forcing firms to file fresh authorization applications soon.
The regulator says the new cryptoasset regime is expected to come into force on Oct. 25, 2027, bringing crypto firms into its wider financial services rulebook.
The application period…
