The Financial Conduct Authority (FCA) announced that cryptoasset firms can apply for authorisation or vary existing permissions from 7am on September 30, 2026. This process is part of the new regulatory regime for cryptoassets in the UK.
The FCA's authority is established under The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026, which was made by Parliament on February 4, 2026. The new regime is expected to come into force on October 25, 2027.
The new requirements apply to cryptoasset firms that wish to provide services in or to the UK. These firms must be authorised and supervised by the FCA to operate legally.
Firms should prepare for the application process and ensure compliance with the new regulations by the deadline of September 30, 2026. They are encouraged to review their compliance frameworks and operations in anticipation of these changes.
The FCA will continue to publish policy consultations and guidance in the lead-up to the implementation of the new regime. Upcoming webinars will address various topics related to the new regulatory framework for cryptoassets.