LONDON, Oct. 1 (CandyPulse) — The countdown has started for crypto firms in the UK. The Financial Conduct Authority (FCA) began accepting applications for authorisation under the country's new crypto regime on September 30, giving companies about five months to get in line.
Key takeaways
| Date | What happens |
|---|---|
| September 30, 2026 | FCA starts accepting applications |
| February 28, 2027 | Deadline to apply with transitional cover |
| October 25, 2027 | New crypto regime comes into force |
The most important detail for firms is transitional protection. Companies that apply by February 28, 2027 can keep operating even if the FCA hasn't finished reviewing their application by the time the regime starts.
Miss that deadline, and that cover disappears. A firm that applies late could have to stop serving UK customers until it's approved, a costly gap for any business.
The new rules bring a wide range of crypto activity under FCA supervision for the first time, including:
For years, UK crypto firms have mainly needed to register with the FCA for anti-money-laundering purposes. The new regime goes much further, setting standards closer to those for traditional financial firms.
For customers, that should mean stronger protections and clearer rules. For firms, it means a demanding application process, and a clear message that the UK wants to be a regulated hub for digital assets.
It also puts the UK on a similar path to the EU, whose MiCA rules are already reshaping who can serve European customers.
Nothing changes overnight. But over the next year, expect UK platforms to update their terms, and some smaller firms may decide not to apply. Before using any crypto service, check the FCA register to see whether a firm is authorised.
Watch for which major exchanges apply, and for any early approvals ahead of the October 2027 start date.
This article is for information only and is not legal or financial advice.
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