The UK’s Financial Conduct Authority opened its crypto authorization application window, with a February deadline, according to CoinDesk. The five-month window precedes a new regulatory framework planned for October 2027.
The move follows years of legislative development and signals the UK’s intent to bring crypto firms under a formal regime. Once the framework takes effect, firms serving UK customers are expected to need authorization to continue operating.
Why it matters
A clearer licensing path can attract firms that have hesitated over regulatory uncertainty, while giving consumers stronger protections. It also positions the UK alongside the EU’s MiCA regime and other jurisdictions racing to define crypto rules.
What to watch: how many firms apply before the February deadline and how the FCA handles applications ahead of the 2027 start.
