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FCA announces new cryptoasset regulatory regime effective October 2027

The FCA has outlined its approach to a new regulatory regime for cryptoassets, effective 25 October 2027, requiring all cryptoasset firms to be authorized and supervised under the Financial Services and Markets Act (FSMA).

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The FCA published its final rules and guidance on 30 June 2026. These rules will apply to all cryptoasset firms granted permission to operate under FSMA on or after 25 October 2027.

The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026, made by Parliament on 4 February 2026, will bring cryptoassets under the FCA's regulatory remit.

The new regime applies to cryptoasset firms wishing to provide services in the UK. These firms must familiarize themselves with the new requirements, including authorization and compliance with the FCA Handbook.

Firms must prepare for the new regime by the deadline of 25 October 2027. They should also understand the transitional provisions and registration under the Money Laundering Regulations ahead of the new FSMA regime.

The FCA will host webinars to assist firms in understanding the new regime and preparing for compliance. Upcoming webinars include topics on prudential regimes, authorizations, and operational resilience, scheduled for September 2026.

Source: FCA, official publication, retrieved 2026-07-22

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