FCA opens UK crypto licensing gateway, sets February 28, 2027 application deadline
The UK Financial Conduct Authority opened its crypto authorisation gateway on September 30. Firms that intend to continue serving UK customers under the new regime must submit applications by February 28, 2027. The broader permissions framework takes effect on October 25, 2027.
Timeline and scope
- Gateway opened: September 30, 2026.
- Application deadline for firms that plan to remain active: February 28, 2027.
- New regime start date: October 25, 2027.
Authorisation requirements
Applicants must evidence compliance across safeguarding of client assets, market integrity, consumer protection and financial resilience. Existing anti-money-laundering registration does not satisfy the new authorisation requirements.
Operational implications for firms
Commercial impacts arrive before the formal start date. Platforms need to allocate capital, staff and systems to meet the regime, prepare applications and maintain ongoing service. International groups must determine which UK-facing activities fall within the permissions scope.
Investor considerations
- A licence application is not an authorisation.
- Authorisations from other jurisdictions do not meet FCA standards by default.
- Upcoming milestones: which firms apply on time, what permissions they request and whether their operating models withstand FCA scrutiny.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
