UK FCA Requires Full Authorization for Crypto Firms Before October 2027
Crypto asset service providers in the UK must obtain full authorization before new regulations take effect in October 2027, the Financial Conduct Authority said on January 9, Cointelegraph reports. The FCA expects to open the authorization application window in September 2026, with all firms offering regulated crypto services required to secure approval under the Financial Services and Markets Act. Entities already registered under anti-money laundering regulations will not be grandfathered and must reapply. Firms that fail to submit applications on time will face transitional restrictions, being allowed only to maintain existing products and barred from launching new business lines.