UK FCA Opens Authorization Applications for Crypto Firms

The UK Financial Conduct Authority (FCA) has officially opened authorization applications for crypto companies, marking a new phase in the nation's regulatory framework. The regime focuses on consumer protection, asset safeguarding, market integrity, and financial stability. Existing firms must apply by February 28, 2027, with the new rules taking effect on October 25, 2027. The FCA is providing support through pre-application meetings and webinars.