UK FCA opens crypto firm authorization window ahead of 2027 regime

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The Financial Conduct Authority (FCA) has opened a new application window for crypto asset firms. Businesses must submit applications by February 28, 2027, to be authorized under an upcoming regulatory regime.

Key facts

• The Financial Conduct Authority (FCA) is accepting applications from crypto asset firms.
• A new regulatory regime is set to take effect in 2027.
• The deadline for submitting applications is February 28, 2027.
• Existing money laundering registrations will not automatically convert to FCA authorization.
• Firms need to undergo fresh vetting to operate under the new framework.