The UK has opened its new cryptoasset authorisation process, requiring firms to meet FCA standards on consumer protection, asset safeguarding, and financial resilience.
The UK Financial Conduct Authority (FCA) has opened applications for crypto firms seeking authorisation under the country’s new cryptoasset regulatory regime. The move marks the start of the transition towards bringing crypto businesses operating in the United Kingdom under full FCA regulation.
Firms will be assessed against requirements covering consumer protection, safeguarding of customer assets, market integrity and financial resilience. Authorisation will not be automatic, and businesses that fail to meet the FCA’s…
