UK FCA officially opens licensing applications for cryptocurrency companies

According to TechFlow, on September 30, the UK Financial Conduct Authority (FCA) officially announced that the regulator is now accepting authorization applications for cryptocurrency companies, marking a new phase in UK crypto asset oversight. This regulatory framework covers four core standards: consumer protection, client asset safeguarding, market integrity, and financial soundness. Cryptocurrency companies wishing to continue operating in the UK must submit applications by February 28, 2027, with the new regulatory regime officially taking effect on October 25, 2027. Dominic Cashman, Director of Authorization at the FCA, stated that the UK's new crypto regulatory framework will provide stronger consumer protection and offer businesses a clear operational framework. The FCA is also hosting pre-application support meetings and a series of webinars to assist companies in preparing their applications.