UK FCA Sets 2026 Window for Crypto License Applications
The post UK FCA Sets 2026 Window for Crypto License Applications appeared on BitcoinEthereumNews.com.
Key Notes UK FCA stated that all crypto asset service providers must be authorized under the Financial Services and Markets Act (FSMA). Existing crypto firms registered under current anti-money laundering rules will not be automatically approved and must reapply for full FSMA authorization. Applications must be submitted within a defined window of at least 28 days. The UK’s top financial regulator, the Financial Conduct Authority (FCA), has announced the timeline for firms seeking new crypto licenses and full authorization. Crypto asset service providers (CASPs) will be able to apply to operate in the UK starting in the fall of 2026. The FCA stated, “We expect the application period will open in September 2026.” UK FCA Opens Limited Window for Crypto License Applications The UK’s FCA said its planned authorization gateway will provide a limited application window before the new crypto regulatory regime comes into force. The new crypto regulatory regime is expected to come into force around October 25, 2027. Some market players have already begun preparing for the new regime. Two weeks ago, digital currency payments app Sling Money received approval from the UK’s FCA to offer crypto services. Now, under the newly proposed framework, all firms offering regulated crypto asset services in the UK need to obtain authorization under the Financial Services and Markets Act (FSMA). This marks a major shift from the existing regime, which relies largely on anti-money laundering registrations. The FCA clarified that the new authorization requirement will also apply to crypto firms already operating under existing Money Laundering Regulations (MLRs). The currently registered entities will need to reapply to continue offering services once the new rules take effect. The official announcement from the UK FCA notes: “In particular, firms that are registered with us under the MLRs should note that there will be no…
Filed under: News - @ January 9, 2026 2:27 pm