FCA opens UK crypto licensing gateway, requires applications by February 28, 2027
The UK Financial Conduct Authority has opened its crypto authorisation gateway, signaling the start of applications for firms that plan to operate under the new regime taking effect on October 25, 2027. Firms serving UK customers should apply by February 28, 2027 and must meet stricter standards than existing anti-money-laundering registration.
Key dates
- Gateway opened: September 30
- Application deadline for firms intending to remain in the UK market: February 28, 2027
- New regime start date: October 25, 2027
What firms must demonstrate
- Safeguarding of client assets
- Market integrity controls
- Consumer protection measures
- Financial resilience
Note: Existing AML-only registration does not qualify as approval under the incoming framework.
Operational implications
- Platforms must plan capital, staffing, systems and formal applications while continuing service to customers.
- International groups need to determine which UK-facing activities require permissions under the new regime.
Investor takeaways
- A licence application is not an approval.
- Approval in other jurisdictions does not satisfy FCA requirements.
- Upcoming milestones: which firms apply on time, the permissions they seek and whether their operating models meet the FCA’s review standards.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
