UK crypto firms can now apply for FCA authorization under the country's new regulatory framework 🏛️
Firms have until February 28, 2027 to apply if they want to continue operating when the new regime takes effect on October 25, 2027 ⏳
The rules expand oversight to crypto trading, transactions, staking, custody, disclosures, market abuse and consumer protection 🔐
Applicants must demonstrate that they can protect customers, safeguard assets, maintain market integrity and remain financially resilient 🛡️
Existing registration under the UK's Money Laundering Regulations will not automatically qualify firms for the new authorization 📋
Companies applying during the transition can continue providing specified crypto services while their applications are assessed, subject to the transitional conditions.
The broader framework also covers areas such as stablecoin issuance and trading platforms, with Binance preparing to seek a UK license.
Today's Pill - the UK is moving crypto toward a more comprehensive regulatory model, giving firms a defined authorization pathway while increasing expectations around consumer protection and market integrity 🔄
Firms have until February 28, 2027 to apply if they want to continue operating when the new regime takes effect on October 25, 2027 ⏳
The rules expand oversight to crypto trading, transactions, staking, custody, disclosures, market abuse and consumer protection 🔐
Applicants must demonstrate that they can protect customers, safeguard assets, maintain market integrity and remain financially resilient 🛡️
Existing registration under the UK's Money Laundering Regulations will not automatically qualify firms for the new authorization 📋
Companies applying during the transition can continue providing specified crypto services while their applications are assessed, subject to the transitional conditions.
The broader framework also covers areas such as stablecoin issuance and trading platforms, with Binance preparing to seek a UK license.
Today's Pill - the UK is moving crypto toward a more comprehensive regulatory model, giving firms a defined authorization pathway while increasing expectations around consumer protection and market integrity 🔄