TechFlow News, June 30, according to The Block, the UK Financial Conduct Authority (FCA) officially released the final version of the comprehensive crypto regulatory framework on Tuesday, covering prudential capital requirements, market abuse controls, and stablecoin standards. The mandatory authorization regime will officially take effect on October 25, 2027. The framework applies to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as some DeFi institutions with identifiable controlling entities.
Market abuse rules cover insider trading and market manipulation. Stablecoin issuers must meet requirements for reserve backing, safeguarding of funds, and redemption disclosure. The capital ratio was reduced from 2% to 1%. The FCA will open the authorization application window from September 30, 2026, to February 28, 2027, and will provide pre-application support meetings starting from July this year. Existing anti-money laundering registration statuses will not automatically convert, and relevant institutions must reapply for authorization. FCA Executive Director David Geale stated that the framework aims to provide regulatory certainty for the industry while preserving space for innovation.
