The Financial Conduct Authority (FCA) released new guidance on 16 September 2026 to assist crypto firms in understanding the UK's upcoming cryptoasset regime. The regime will come into force on 25 October 2027, and firms must prepare for authorisation applications opening on 30 September 2026.
The guidance outlines activities requiring FCA authorisation, including issuing qualifying stablecoins, operating trading platforms, and safeguarding cryptoassets. This information is crucial for firms to understand their obligations under the new regime.
The guidance applies to crypto asset service providers (CASPs) as they prepare for the authorisation process. Firms are encouraged to engage in pre-application discussions and attend FCA-hosted webinars to facilitate their compliance efforts.
The FCA plans to consult on targeted updates to this guidance in October 2026, following amendments to the legislation that clarify the regulatory perimeter for certain activities and providers. Firms should utilize this guidance to ensure readiness for the upcoming regulatory requirements.