FCA opens crypto authorization window ahead of 2027 UK regime
60-second summary
FCA opens a crypto‑authorisation window, requiring firms to submit applications by 28 February 2027; current anti‑money‑laundering registrations will not automatically become FCA authorisations. The deadline forces businesses to meet new regulatory standards, prompting a rush of compliance efforts. This shift signals tighter oversight, likely increasing operational costs and influencing market confidence in UK crypto services.
Crypto businesses should apply by Feb. 28, 2027, while existing money laundering registrations will not convert into FCA authorization.