The FCA relies on the final crypto rules and guidance published in June 2026. Firms must demonstrate compliance with the FCA's standards on consumer protection, safeguarding of customer assets, market integrity, and financial resilience to obtain authorisation.
The new regime applies to cryptoasset service providers (CASPs) intending to operate in the UK. Authorisation is not guaranteed; firms that do not meet the FCA's standards will not be permitted to operate in the UK market.
Firms that apply during the application period can continue providing cryptoasset services while their applications are assessed, provided a decision is not made before the new regime takes effect. The FCA is offering pre-application support meetings and webinars to assist firms in preparing for the application process.