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The UK Financial Conduct Authority will open the application channel for cryptocurrency firms license in September 2026.
BlockBeats News, January 9th. According to Cointelegraph, the UK's FCA has issued an announcement stating that UK crypto asset service providers must obtain full authorization by October 2027. The FCA expects the application window to open in September 2026, and all companies providing regulated crypto services in the UK must be authorized under the Financial Services and Markets Act. Entities currently registered under anti-money laundering regulations will not be automatically transitioned and will still need to be reauthorized. Companies that fail to apply on time will face transitional restrictions after the new rules come into effect, only being allowed to continue offering existing products and prohibited from launching new business activities.
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