UK Financial Conduct Authority to Open Cryptocurrency Company License Application Channel in September 2026

Odaily News: The UK FCA has announced that UK crypto asset service providers must obtain full authorization before the new regulations take effect in October 2027. The FCA expects the application period to open in September 2026. All companies providing regulated crypto services in the UK will need to be authorized under the Financial Services and Markets Act. Entities currently registered under the anti-money laundering regulations will not be automatically converted and will still need to obtain new authorization. Companies that fail to apply on time will face transitional restrictions after the new rules come into effect, only being allowed to continue providing existing products and prohibited from launching new business.