The UK Financial Conduct Authority has officially launched the application process for cryptocurrency businesses operating under its updated regulatory framework. This transition marks a departure from the previous focus on anti-money laundering compliance toward a broader authorization system.
Companies must submit their applications between September 30, 2026, and February 28, 2027. The new regulatory regime is scheduled to take full effect on October 25, 2027. The requirements apply to firms providing services such as trading platforms, custody, and staking.
Existing registration under Money Laundering Regulations does not grant automatic authorization under the new rules. However, businesses that file their applications within the specified window are permitted to continue their operations while the regulator reviews their submissions.
