Crypto firms get guidance on how the new regime applies
CRYPTD interpretation — regulatory information, not legal advice
The FCA has issued guidance explaining how the law supporting the UK's future cryptoasset regime applies to businesses. It identifies activities that may need FCA authorisation.
What changes
Authorisation applications open on 30 September 2026, ahead of the regime taking effect on 25 October 2027.
Who it affects
Crypto firms, including qualifying stablecoin issuers, trading platform operators, dealers and arrangers, may be affected.
Practical implications
- Firms may need to assess whether their cryptoasset activities require FCA authorisation.
- Affected firms may need to prepare for the authorisation process before the regime begins.
UK Financial Conduct Authority
New FCA guidance will help firms understand how the law underpinning the UK's future cryptoasset regime applies to their business. It also sets out which activities may require FCA authorisation. The regime comes into force on 25 October 2027. With applications for authorisation opening from 30 September 2026, firms need this guidance now to help them prepare. The guidance covers activities including issuing qualifying stablecoins, operating cryptoasset trading platforms, dealing and arranging deals, safeguarding cryptoassets and arranging cryptoasset staking.David Geale, executive director of
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