UK FCA Sets September 2026 Deadline for Crypto Licensing Applications
The Financial Conduct Authority (FCA) will open its licensing window for crypto asset service providers (CASPs) in September 2026, marking a pivotal step in the UK’s formalization of digital asset oversight. Firms must secure full authorization under the Financial Services and Markets Act before the regime takes effect in October 2027.
Existing operators registered under Money Laundering Regulations face a reapplication mandate. The FCA warns that late filers risk product launch freezes, though a ‘saving provision’ grants interim operational flexibility during review periods.
This MOVE aligns with global regulatory trends as jurisdictions grapple with balancing innovation and investor protection in volatile crypto markets. The phased timeline suggests deliberate calibration—giving firms 12 months to prepare applications before enforcement begins.