FCA Guidance Lands Two Weeks Before UK Crypto Authorization Window Opens
60-second summary
The FCA issues guidance two weeks before the UK crypto‑service authorization window opens, stating that overseas firms serving UK retail customers must also obtain authorization and that no crypto trading can occur under the new regime until October 2027; this tightens compliance expectations, pressures unlicensed platforms, and signals heightened regulatory scrutiny that could reshape market participation.
Overseas firms serving UK retail customers need authorization too, and nobody trades under the new rules before October 2027.