Key Takeaways
- The FCA opened crypto applications Sept. 30, giving firms more than a year to prepare before the rules kick in on Oct. 25, 2027.
- Crypto firms already operating in the U.K. can keep serving customers and taking new business while the FCA reviews their applications.
- Dominic Cashman says the FCA’s new regime gives crypto firms clearer rules while bringing consumers greater protections.
Britain Opens the Door 390 Days Early
The U.K. has opened its gate to fully regulated crypto firms more than a year before the new regime actually takes effect. From Sept. 30, businesses can ask the Financial Conduct Authority (FCA) for permission to operate under rules that won’t come into force until Oct. 25, 2027.
Here’s the interesting…
