Current outcome
The UK FCA crypto authorization application window is now open, with firms required to apply by Feb. 28, 2027; the new regime takes effect Oct. 25, 2027, approval is not automatic, and firms that do not meet the criteria will not be able to continue providing regulated cryptoasset services in the UK.
Progress timeline
4 material updates- #01
FCA Guidance Lands Two Weeks Before UK Crypto Authorization Window Opens
The FCA published perimeter guidance on which crypto activities require authorization, two weeks before the UK application window opens on September 30 and ahead of the regime taking effect on October 25, 2027.
Source evidence: Decrypt
- #02
UK FCA sets crypto authorization guidance ahead of September application window
The FCA guidance is now described as final, specifies covered crypto activities, states that existing registrations/permissions will not automatically convert, and adds a Feb. 28, 2027 transitional application deadline.
State after update: The UK FCA has published final crypto authorization guidance; the application window opens Sept. 30, existing registrations do not automatically convert, firms seeking transitional arrangements face a Feb. 28, 2027 deadline, and the new regime takes effect Oct. 25, 2027.
Source evidence: Cointelegraph
- #03
FCA draws the UK boundary for offshore crypto platforms ahead of 2027 rules
Added territorial boundary rules from the FCA's final perimeter guidance for offshore crypto platforms: overseas platforms, custody, and staking providers serving UK consumers may fall within the authorization perimeter, with details on the 'UK consumer' definition, Section 418 deeming provisions, and agent/principal trading conditions.
State after update: The UK FCA has published final crypto authorization perimeter guidance, including territorial boundary rules for when offshore platform, custody, and staking services require UK authorization; the application window opens Sept. 30, 2026, transitional applications close Feb. 28, 2027, the new regime takes effect Oct. 25, 2027, and existing registrations/permissions do not automatically convert.
Source evidence: CryptoSlate
- #04
【英国 FCA 开放加密企业授权申请,新监管制度将于 2027 年 10 月生效】
The UK FCA began accepting cryptoasset authorization applications on Sept. 30, 2026, moving the application window from 'opening soon' to open; applications must be filed by Feb. 28, 2027 and are subject to substantive consumer protection, custody, market integrity, and financial resilience criteria.
State after update: The UK FCA crypto authorization application window is now open, with firms required to apply by Feb. 28, 2027; the new regime takes effect Oct. 25, 2027, approval is not automatic, and firms that do not meet the criteria will not be able to continue providing regulated cryptoasset services in the UK.
Source evidence: foresightnews · The Block · theblockbeats