UK FCA Proposes Licensing Crypto Apps That Route Trades, Consultation Ends Nov. 18

The UK Financial Conduct Authority is consulting on draft guidance published Oct. 21 that could require crypto apps to obtain authorization when software picks trading venues or execution routes. DeFi aggregators comparing liquidity and prices may fall under arranging crypto deals rules effective Oct. 25, 2027. Responses are due Nov. 18 and final guidance is targeted for spring 2027.